John B. Sanfilippo acquires Navarro Pecan
John B. Sanfilippo & Son, Inc. announced on August 24 that it
has signed a letter of intent with the shareholders of the Navarro
Pecan Company, Inc. to acquire all of its outstanding shares.
has signed a letter of intent with the shareholders of the Navarro
Pecan Company, Inc. to acquire all of its outstanding shares.
The American processor and distributor of shelled and in-shell nuts John B. Sanfilippo & Son, Inc. announced on August 24 that it has signed a letter of intent with the shareholders of the Navarro Pecan Company, Inc. to acquire all of its outstanding shares. The Navarro Pecan Company, Inc. was started in 1977. It is one of the largest pecan shellers in the United States. Officials at John B. Sanfilippo & Son, Inc. claimed they expect to continue the Navarro shelling operation at its current facility. Other terms of the acquisition were not disclosed, and the closing, which is expected to occur in the next three months, is contingent upon due diligence, board approval and other conditions.
