John B. Sanfilippo & Son, Inc. was formed as a corporation under the laws
of the State of Delaware in 1979 as the successor by merger to an Illinois corporation
that was incorporated in 1959. We are one of the leading processors and distributors
of peanuts, pecans, cashews, walnuts, almonds and other nuts in the United States.
These nuts are sold under a variety of private brands and under the Fisher,
Orchard Valley Harvest, Fisher Nut Exactly and Sunshine Country brand names.
We also market and distribute, and in most cases manufacture or process, a diverse
product line of food and snack products, including peanut butter, almond butter,
candy and confections, snacks and trail mixes, snack bites, sunflower kernels,
dried fruit, corn snacks, sesame sticks and other sesame snack products under
private brands and brand names.
Our headquarters and executive offices are located at 1703 North Randall Road,
Elgin, Illinois 60123, and our telephone number for investor relations is (847)
289-1800, extension 4612.
As stated above, we are one of the leading processors and distributors of tree
nuts and peanuts in the United States. Through a deliberate strategy of focused
capital expenditures and complementary acquisitions, we have built a generally
vertically integrated nut processing operation that enables us to control almost
every step of the process for pecans, peanuts and walnuts, including procurement
from growers, shelling, processing, packaging and marketing. Vertical integration
allows us to enhance product quality and, in most crop years, purchase inshell
pecans, peanuts and walnuts at lower costs as opposed to purchasing these nut
meats from other shellers. We believe that our generally vertically integrated
business model typically works to our advantage in terms of cost savings and
provides us with better insight into crop development.
The nut product line includes almonds, pecans, peanuts, black walnuts, English
walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts, and filberts.
Our nut products are sold in numerous package styles and sizes, from stand-up
bags, poly-cellophane packages, environmentally friendly packages, composite
and clear-plastic cans, plastic tubs and plastic jars for retail sales, to large
cases and sacks for bulk sales to commercial ingredient customers. In addition,
we offer our nut products in a variety of different styles and seasonings, including
non-blanched, blanched, oil roasted, dry roasted, salted, unsalted, honey roasted,
flavored, spicy, chocolate and yogurt coated, butter toffee, praline and cinnamon
toasted. We sell our products domestically to retailers and wholesalers as well
as to commercial ingredient and contract packaging customers. We also sell certain
of our products to foreign customers in the retail, contract packaging and commercial
ingredient markets.
We manufacture and market peanut butter in several sizes and varieties. We
also market and distribute, and in many cases process and manufacture, a wide
assortment of other food and snack products. These other products include snack
mixes, salad toppings, snacks, snack bites, trail mixes, dried fruit and chocolate
and yogurt coated products sold to retailers and wholesalers; baking ingredients
sold to retailers, wholesalers, and commercial ingredient customers; bulk food
products sold to retail and commercial ingredient users; an assortment of sunflower
kernels, pepitas, snack mixes, almond butter, cashew butter, sesame sticks and
other sesame snack products sold to retail supermarkets, mass merchandisers
and commercial ingredient users and a wide variety of toppings for ice cream
and yogurt sold to commercial ingredient users.
