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| Snapple Beverage Group, Inc. |
| 709 Westchester Avenue, White Plains, NY 10604 * (914) 397-9200 |
| Business Description | The Company is a leading premium beverage company and a leading supplier of concentrates for private label carbonated soft drinks in North America. |
|
Filing Information Not yet | |||
| To Trade As | SNP (NYSE) | Industry | Manufacturing (SIC 2086) |
| Type of Stock Offered | Common Shares | Filing Date | 6/27/2000 |
| Domestic Shares Filed | 0 | Filing Price | - - |
| Foreign Shares Filed | 0 | Offering Amount | $100,000,000 |
| Company Shares | 0 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Morgan Stanley Dean Witter | Lead Manager | (212) 761-5900 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| ING Baring Furman Selz | Co-manager | (212) 309-8200 |
| Lehman Brothers Incorporated | Co-manager | (212) 526-8100 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/28/1997 | 1/3/1999 | 1/2/2000 | 4/4/1999 | 4/2/2000 | ||
| Revenues | - | - | 629.621 | 735.436 | 770.943 | 159.888 | 170.345 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | -21.940 | 29.987 | 13.706 | -10.535 | 0.742 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | 16.81 | 4.828 | 6.54 | ||
| Net Income Growth (%) | - | - | - | -54.29 | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | 4.08 | 1.78 | 0.44 | - |
| Cash Flow - Oper. | 57.64 | -29.61 | -25.54 | ||||
| Cash Flow - Inv. | -43.33 | -18.78 | -7.56 | ||||
| Cash Flow - Fin. | -26.94 | -18.04 | -2.92 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 4/1/2000 | Financial Ratios | ||||
| Total Assets | 821.30 | Current Assets | 215.63 | Current Ratio | 1.19 |
| Total Liab. | 992.85 | Current Liab. | 181.92 | Debt Ratio | 120.89% |
| Total Equity | -171.55 | Working Cap. | 33.71 | Debt to Equity Ratio | - |
| Cash | 24.16 | Return on Assets | 0.09% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to repay indebtedness under an existing credit facility and to pay fees and expenses related to the offering. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Paul, Weiss, Rifkind, Wharton & Garrison |
| Bank's Law Firm | Davis, Polk & Wardwell |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | Deloitte & Touche |
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| Industry Competition |
The Company's premium beverage products and soft drink concentrate products compete generally with all liquid refreshments and in particular with numerous nationally known soft drinks, including Coca-Cola and Pepsi-Cola. The Company also competes with ready-to-drink brewed iced tea competitors, including Nestea Iced Tea, which is produced under a long-term license granted by Nestle S.A. to The Coca-Cola Company, and Lipton Original Iced Tea, which is distributed under a joint venture between PepsiCo, Inc. and Thomas J. Lipton Company, a subsidiary of Unilever Plc, and nationally branded fruit drink companies, including Ocean Spray. The Company competes with other beverage companies not only for consumer acceptance but also for shelf space in retail outlets and for marketing focus by distributors, most of which also distribute other beverage brands. The principal methods of competition in the beverage industry include product quality and taste, brand advertising, trade and consumer promotions, marketing agreements including calendar marketing agreements, pricing, packaging and the development of new products. |
| Business Plan |
The Company's growth strategy is: (i) Increase Consumer Awareness and Strengthen Brand Imaging; (ii) Expand and Improve Distribution; (iii) Control Production and Logistics Costs; (iv) Minimize Capital Expenditures; (v) Selectively Acquire Beverage Brands; (vi) Enhance Royal Crown's Strategic Relationship with Cott; (vii) Focus Marketing Resources; and (viii) Expand Royal Crown's International Business. |
| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Triarc Companies, Inc. RC/Arby's Corporation | 99.90 | |
| Note: represents ownership of 5% or more prior to the offering. | ||