The company may also be considering reducing its plant andoffice space at its 244 Viscount Row headquarters in south Orlando,according to industry observers familiar with the company'slong-range plans. The new moves are being made after third-quarterprofit fell 9%, even though sales were up 16%. The company's commonstock is trading at around $4 per share on the American StockExchange.
Galaxy has increased its offshore distribution sites to 23 witha contract to Ryco Ltd. Distribution of Trinidad. Galaxy'sVeggie-brand product line is distributed in local food andconvenience stores. To shore up its bottom line, Galaxy expandedits credit line to $13 million with Phoenix-based Finova Corp.
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