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Chase General Corp  (CSGN)
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Chase General Corp

Business Description

Chase General Corporation was incorporated November 6, 1944 for the purpose of manufacturing confectionery products. In 1970, Chase General Corporation acquired a 100% interest in its wholly-owned subsidiary, Dye Candy Company. (Chase General Corporation and Dye Candy Company are sometimes referred herein as “the Company”). This subsidiary is the main operating company for the reporting entity.

The subsidiary, Dye Candy Company, operates two divisions, Chase Candy Products and Seasonal Candy Products. Chase Candy Products involve production and sale of a candy bar marketed under the trade name “Cherry Mash”. The Seasonal Candy Products involve production and sale of coconut, peanut, chocolate, and fudge confectioneries. The products of both divisions are sold to the same type of customers in the same geographical areas. In addition, both divisions share a common labor force and utilize the same basic equipment and raw materials.

Chase Candy Products of Dye Candy Company produces a candy bar under the trade name of “Cherry Mash”. The bar is distributed in the following six case sizes:

60 count pack
12 boxes of 24 bars per box
200 count shipper box
100 count shipper box
100 # 2 box Counter Display
4 box - 36 count Counter Display

Principal Products and Methods of Distribution (Continued)
In addition to the regular size bar, a “mini-mash” is distributed in the following seven case sizes:

24 - 12 oz. bags
6 jars - 60 bars per jar
23 # wrapped bars
22 # unwrapped bars
12 - 12 oz. bags
6 - 4 # jars
24 - 12 oz. clamshell containers

Seasonal Candy Products of Dye Candy Company produces coconut, peanut, chocolate, and fudge confectioneries. These products are distributed in bulk or packaged. Principal products include:

Coconut Bon-Bons Peanut Brittle
Coconut Stacks Peanut Clusters
Home Style Poe Fudge Champion Crème Drops
Peco Flake Jelly Candies
Peanut Squares Frosted Pretzels

The Champion Creme Drops, Frosted Pretzels and Jelly Candies are not produced or repackaged by the Company.

All products are shipped to customers by commercial haulers.

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