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JBSS mainly supports overseas projects by providing services such as promotion, branding, and translations into Japanese.
The cash portion of the acquisition price was funded from availability in the JBSS bank credit facility, and is subject to a net working capital adjustment.
According to Mike Cannon, senior vice president of corporate operations for JBSS, the most appealing aspects of the Cabrio were customer acceptance of the format and cost reduction.
Among the company's accomplishments, officials say they are proud of its reputation for quality products and its SQF certification; JBSS was recognized by the EPA as a 2011 Energy Star Partner of the Year, for excellence in energy management.
SANFILIPPO & SON (JBSS) is one of the largest processors, packagers, marketers and distributors of nut and nut-based products in the U.S.
* John B Sanfilippo & Son (NASDAQ: JBSS) stock made a new 52-week high of $93.47 Thursday.
Companies Mentioned in this Report: Suizo Peruana de Embutidos S.A., Sigma Alimentos, San Fernando S.A, Agro Corporacion S.A.C., Cargill, Incorporated, JBSS.A.
(JBSS), headquartered in Elgin, Ill., a Chicago suburb, is celebrating its 90th year in business in 2012.
JBSS also operates four production facilities strategically located in primary nut-growing regions.
Under the deal, JBSS had paid USD32.8m (EUR26.2m) cash, from its existing bank credit facility and it could pay an additional up to USD10.5m, based on performance of the bought operations for 2010 and 2011.
* John B Sanfilippo & Son (NASDAQ: JBSS) shares were up 1.29% for the day, having made a 52-week high of $88.84.
de C.V., JBSS.A., Grupo Bafar, Productos Chata SA de CV., D.C.S.
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