| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| Natural Nutrition Group, Inc. |
| 135 S. LaSalle Street, Suite 1134, Chicago, IL 60603 * (312) 578-1110 |
| The Company is a leading manufacturer and marketer of premium natural and organic food products in the United States. |
| Manager | Tier | Phone |
| BT Alex Brown | Lead Manager | (410) 727-1700 |
| Adams, Harkness & Hill | Co-manager | (617) 371-3705 |
| NASNTL: | NNGI | Manufacturing: | SIC 2043 | |
| Type of Shares: | Common Shares | Filing Date: | 5/22/98 | |
| U.S. Shares Filed: | 3,000,000 | Filing Price: | $9.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $27,000,000 | |
| Primary Shares: | 3,000,000 | Expenses: | - | |
| Secondary Shares: | 0 | Post-IPO Shares: | 8,100,000 | |
| Employees: | 199 |
| Issuer's Law Firm: | Katten Muchin & Zavis |
| Bank's Law Firm: | Latham & Watkins |
| Auditor: | Deloitte & Touche |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/97 | 3/31/98 | 3/31/97 | 3/31/98 | ||
| Revenue: | $67.90 | $17.57 | $16.30 | Assets: | $48.32 |
| Net Income: | $0.11 | -$0.01 | $0.00 | Curr Assets: | $10.86 |
| EPS: | Liabilities: | $27.94 | |||
| Prior EPS: | $2.52 | $0.79 | Curr Liab: | $9.41 | |
| Cash Flow/Oper: | $0.27 | -$2.31 | -$0.75 | Equity: | $20.38 |
| Cash Flow/Fin: | $0.28 | -$0.21 | -$0.35 | Cash: | $0.00 |
| Cash Flow/Inv: | -$0.86 | Working Cap: | $1.45 | ||
| Competition |
| The markets in which the Company competes are highly competitive. Numerous natural and organic food companies compete with the Company, including The Hain Food Group, Inc., Barbara's Bakery, Inc. and Fantastic Foods, Inc. The Company believes that in the natural food sector of the food industry it competes with more than 500 companies, most of which are small independent companies and none of which is dominant. The Company's products also compete, from time to time, with products of larger conventional food companies, such as ConAgra, Inc.'s Healthy Choice line or Nabisco, Inc.'s SnackWell line. The Company competes with these companies based upon product quality, taste and appearance, nutrition, breadth of product offerings, customer service and price. Some of the Company's competitors have substantially greater financial, marketing and other resources than the Company. Additional competitors with greater resources than the Company may enter the industry and compete effectively against the Company. To the extent that the Company is unable to compete successfully against its existing and future competitors, its business, operating results and financial condition would be materially adversely affected. |
| Business Plan |
| The Company's objective is to be the leading manufacturer and marketer of premium branded natural and organic foods. The key elements of the Company's growth strategy are as follows: (I) Concentrate on the Growing Natural Food Market, (ii) Grow the Company's Existing Brands, (iii) Expand Sales in Grocery Retail Channel, (iv) Pursue Strategic Acquisitions and (v) Increase Private Label Business. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for redemption of the company's Series A Preferred Stock and repayment of revolving credit and term indebtedness. |