| Ticker: SWZA | 3811 Turtle Creek Boulevard, Suite 1300 | |
| Exchange: NASDAQ-National Market | Dallas, Texas 75219 | |
| Industry: Manufacturing | (214) 528-0939 |
| Type of Shares: | Common Shares | Filing Date: | 10/12/94 | |
| U.S. Shares: | 3,300,000 | Offer Date: | 4/16/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 3,300,000 | Offer Price: | $14.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.98 | |
| Offering Amount: | $36,300,000 | Selling: | $0.58 | |
| Expenses: | $804,000 | Reallowance: | $0.10 | |
| Shares Out After: | 9,063,479 |
| Manager | Tier | Phone |
| Bear, Stearns & Co. Inc. | Lead Manager | (212) 272-2000 |
| Piper Jaffray Incorporated | Co-manager | (612) 342-6000 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $430.47 | Assets: | $232.52 | ||
| Net Income: | $6.11 | Liabilities: | $223.06 | ||
| EPS: | -$0.26 | Equity: | $9.46 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a leading manufacturer and distributor of fresh milk products and refrigerated ready-to-serve fruit drinks in Puerto Rico, fresh milk and related diary products in Florida, and packaged ice in Florida and the southwestern United States. The company has grown primarily through strategic and consolidating acquisitions. Through these acquisitions, the company has realized regional economies of scale and operating efficiencies by consolidating manufacturing and distribution operations in each of its core businesses. The company operates through Suiza-Puerto Rico, Velda Farms and Reddy Ice, each of which is a strong regional competitor with an established reputation for customer service and product quality. These subsidiaries market their products through extensive distribution networks to a diverse group of customers, including convenience stores, grocery stores, schools and institutional food service customers. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay indebtedness, including bank debt, and 15% Subordinated PIK Notes. |
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