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DONALDSON, LUFKIN & JENRETTE SECURITIES ANNOUNCES JOHN B. SANFILIPPO & SON INITIAL PUBLIC OFFERING

 DONALDSON, LUFKIN & JENRETTE SECURITIES ANNOUNCES
 JOHN B. SANFILIPPO & SON INITIAL PUBLIC OFFERING
 NEW YORK, Dec. 4 /PRNewswire/ -- Donaldson, Lufkin & Jenrette Securities Corporation and William Blair & Company, as managers of the underwriting group, announced today the initial public offering of 2 million shares of John B. Sanfilippo & Son, Inc. common stock at $12 per share. All of the shares are being sold by the company.
 The common stock of John B. Sanfilippo & Son, Inc. will trade on the NASDAQ National Market System under the symbol JBSS.
 Proceeds from the offering will be used to pay down bank debt and fund a distribution to existing stockholders of previously taxed S corporation earnings.
 The 70-year-old company, headquartered in Elk Grove Village, Ill., is a leading sheller, processor and marketer of nuts as well as other snack and food products to retailers, industrial and food service customers nationwide.
 The company operates production facilities in Elk Grove Village; Des Plaines, Ill.; Bainbridge, Ga., and Walnut, Calif.
 These facilities process and package under the Evon's brand and under various private labels for supermarkets and other retail outlets. In addition, the company manufactures ingredients for use by dairies, bakeries and confection manufacturers, and also supplies the food service industry with specialized nut products.
 -0- 12/4/91
 /CONTACT: Larry Ray or Michael Valentine of John B. Sanfilippo & Son, 708-593-2300, ext. 106/
 (JBSS) CO: John B. Sanfilippo & Son Inc. ST: New York IN: FOD SU: OFR


CK -- NY042 -- 9147 12/04/91 11:18 EST
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Publication:PR Newswire
Date:Dec 4, 1991
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