date:Dec 24, 2012
h Pinnacle.
In addition to reinvestment in its brands and making periodicstrategic acquisitions, the company said, it has also deployedits significant cash flows to reduce its debt. Since TheBlackstone Group's acquisition of Pinnacle in April 2007, it haspaid down approximately $350 million in debt. Its annual salesfor 2011 were $2.5 billion.