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ESKIMO PIE CORPORATION FILES REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING OF COMMON STOCK

 ESKIMO PIE CORPORATION FILES REGISTRATION STATEMENT
 FOR INITIAL PUBLIC OFFERING OF COMMON STOCK
 RICHMOND, Va., Feb. 20 /PRNewswire/ -- Eskimo Pie Corporation today announced it has filed a registration statement with the Securities and Exchange Commission for a proposed public offering of up to 3,230,798 common shares. Wheat First Butcher & Singer Capital Markets will underwrite the offering.
 The registration statement covers shares being sold by a subsidiary of Reynolds Metals Company (NYSE: RLM), which owns 84 percent of the outstanding common stock of Eskimo, and by certain other stockholders.
 Eskimo said that, effective March 17, 1992, it will have 3,316,478 outstanding shares as a result of a 2.5-for-1 stock split.
 The initial public offering price will be determined by negotiation among the corporation, the selling stockholders and the underwriters. It is currently anticipated that the shares will be offered at a price between $14 and $16 per share.
 Prior to this offering, there has been no established public trading market for Eskimo common stock. Eskimo will not receive any of the proceeds from the sale of shares by the selling stockholders.
 Eskimo markets branded frozen novelties, including its Eskimo Pie line of products, through a national network of licensed manufacturers.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 2/20/92
 /CONTACT: Lou Anne J. Nabhan of Reynolds Metals Company at 804-281-2965 or home at 804-359-2986/
 (RLM) CO: Eskimo Pie Corporation; Reynolds Metals Company ST: Virginia IN: FOD MNG SU: OFR


CM -- CH004 -- 0908 02/20/92 12:11 EST
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Publication:PR Newswire
Date:Feb 20, 1992
Words:344
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