The company may also be considering reducing its plant and office space at its 244 Viscount Row headquarters in south Orlando, according to industry observers familiar with the company's long-range plans. The new moves are being made after third-quarter profit fell 9%, even though sales were up 16%. The company's common stock is trading at around $4 per share on the American Stock Exchange.
Galaxy has increased its offshore distribution sites to 23 with a contract to Ryco Ltd. Distribution of Trinidad. Galaxy's Veggie-brand product line is distributed in local food and convenience stores. To shore up its bottom line, Galaxy expanded its credit line to $13 million with Phoenix-based Finova Corp.
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