John B. Sanfilippo to use existing credit facility for acquisition

By Sara Rosenberg

New York, Sept. 6 – John B. Sanfilippo & Son Inc. plans to use excess availability under its current bank credit facility to fund the roughly $63 million acquisition of certain assets, including a manufacturing facility located in Lakeville, Minn., and customer relationships, from Treehouse Foods Inc. relating to its snack bars business unit, according to a news release.

Closing is expected within the next 30 days, subject to customary conditions.

John B. Sanfilippo is an Elgin, Ill.-based processor, packager, marketer and distributor of snack bars, dried cheese, and nut & dried-fruit based products.

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