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OPTA FOOD INGREDIENTS, INC. ANNOUNCES INITIAL PUBLIC OFFERING OF 1,700,000 SHARES OF COMMON STOCK AT $12 PER SHARE

 OPTA FOOD INGREDIENTS, INC. ANNOUNCES INITIAL PUBLIC OFFERING
 OF 1,700,000 SHARES OF COMMON STOCK AT $12 PER SHARE
 CAMBRIDGE, Mass., March 4 /PRNewswire/ -- Opta Food Ingredients, Inc. (NASDAQ: OPTS) today announced an initial public offering of 1,700,000 shares of its common stock at a price of $12 per share. The company will use the proceeds from the offering for existing product development programs, capital expenditures related to pilot plant and manufacturing facilities, additional research and development programs, expansion of sales and marketing capabilities, and general corporate purposes.
 Kidder Peabody & Co. Incorporated and Wessels, Arnold & Henderson are managing the offering. Opta has granted to the underwriters an option to purchase up to 255,000 additional shares of common stock soley to cover over allotments, if any.
 Opta develops and markets proprietary new food ingredients which enable cnsumer food companies to improve the nutritional content, healthfulness or taste of foods.
 A prospectus may be obtained from the managing underwriters, Kidder Peabody & Co. Incorporated and Wessels, Arnold & Henderson.
 -0- 3/4/92
 /CONTACT: Mark Skaletsky of Opta Food Ingredients, Inc., 617-252-0005; or Robert Gottlieb of Feinstein Partners, 617-577-8110, for Opta Food Ingredients/ CO: Opta Food Ingredients, Inc. ST: Massachusetts IN: FOD SU" OFR


TM-DH -- NE008 -- 4847 03/04/92 09:56 EST
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Publication:PR Newswire
Date:Mar 4, 1992
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