Belvedere USA Becomes Privately Held Company with Sale to Two Senior Managers.

PR Newswire | July 2, 2007 | Copyright

Managing director Horst Ackermann and vice president of finance and administration Barry Sanders purchase 80-year-old company from Proctor & Gamble

BELVIDERE, Ill., July 2 /PRNewswire/ -- Belvedere USA Corporation today announced that it is now a privately held company after completion of a purchase agreement between two senior company managers and parent company Proctor and Gamble. Horst Ackermann was president of Belvedere USA and Barry Sanders served as vice president of finance and administration for the company when it was a subsidiary of P&G. Their new ...

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