Triarc Beverage Group to Acquire Millrose Distributors

NEW YORK (Jan. 19) BUSINESS WIRE- Jan. 19, 1999--Triarc Companies, Inc. (NYSE: TRY) announced today that its wholly-owned subsidiary, Triarc Beverage Holdings Corp., has signed a letter of intent to acquire Millrose Distributors, Inc. and its affiliate Mid-State Beverage, Inc. (collectively, "Millrose") for approximately $17 million in cash, subject to adjustment. The acquisition is expected to close during the first quarter of 1999 and is subject to customary closing conditions, including the execution of definitive documentation and the satisfactory completion of due diligence.

Millrose is the largest non-company owned distributor of Snapple(R) products and the second largest distributor of Stewart's(R) products in the United States. Millrose's distribution territory includes parts of New Jersey. Millrose had net sales of approximately $30 million during the nine months ended September 30, 1998.

Commenting on the transaction, Michael Weinstein, Chief Executive Officer of the Triarc Beverage Group said: "We believe this acquisition will enhance our ability to serve key retail customers. We have enjoyed an excellent relationship with Joe Rosamilia and his team at Millrose and look forward to working with them as we integrate their operations with Mr. Natural, our company-owned New York City and Westchester County distributor." Weinstein added: "As a leader in the premium beverage segment, Triarc Beverage Group will continue to evaluate opportunities to strengthen our distribution network."

Triarc is a branded consumer products company in beverages (Snapple, Mistic(R), Stewart's and Royal Crown(R)) and restaurants (Arby's(R), T.J. Cinnamons(R) and Pasta Connection(tm)).

There can be no assurance that the proposed acquisition of Millrose will be completed, or, if completed, that Millrose will be successfully integrated with the operations of Triarc and its subsidiaries, including Mr. Natural, Inc. In addition, there can be no assurance that Triarc will be able to identify and effect any other acquisitions or business combinations or, if completed, that any such acquisitions or business combinations will be successfully integrated with the operations of Triarc and its subsidiaries.

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rc/ny*

CONTACT: Triarc Companies, Inc.
Anne A. Tarbell, 212/451-3030

http:1/41/4www.triarc.com

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