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CELESTIAL SEASONINGS ANNOUNCES PUBLIC OFFERING

 BOULDER, Colo., June 7 /PRNewswire/ -- Celestial Seasonings Inc. filed today with the Securities and Exchange Commission a registration statement relating to an initial public offering of 1,900,000 shares of common stock. PaineWebber Inc. and Lehman Brothers are acting as managers for the offering.
 Celestial Seasonings is the largest manufacturer and marketer of herb teas in the United States. Its leading brands of herb teas include Sleepytime, Lemon Zinger, Mandarin Orange Spice, Peppermint and a variety of other proprietary blends. The company, which also manufactures an array of specialty black teas and a line of Iced Delight iced teas, recently entered into an agreement with Perrier Group of America, under which Perrier manufactures and markets a full line of ready-to-drink Celestial Seasonings bottled iced tea products in the United States.
 The company was acquired in a management buyout led by Vestar Capital Partners in 1988 from Kraft Inc. Proceeds from the offering will be used to retire preferred stock and repay certain indebtedness, and for general corporate purposes.
 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 press 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 offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Copies of a preliminary prospectus, when available, covering the offering of shares may be obtained from:
 PaineWebber Inc. Lehman Brothers
 1285 Avenue of the Americas American Express Tower
 New York, NY 10019 World Financial Center
 New York, NY 10285
 -0- 6/7/93
 /CONTACT: Philip Livingston of Celestial Seasonings, 303-581-1245 or 303-581-1345/


CO: Celestial Seasonings Inc., PaineWebber Inc.; Lehman Brothers ST: Colorado IN: FOD SU: OFR

BB -- DV007 -- 6211 06/07/93 16:38 EDT
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Publication:PR Newswire
Date:Jun 7, 1993
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