John B. Sanfilippo Announces $90M Investment in Bar Production Amid CEO Transition
John B. Sanfilippo & Son, a fourth-generation nut processor and distributor, plans to invest approximately $90 million into two high-speed bar production lines at its Elgin, Illinois facility. The expansion is expected to support up to $300 million in incremental sales over the next three to four years as part of a broader strategy to shift toward faster-growing private-label snack and protein bars. The company aims for bars to represent 30% of its portfolio within the near term, rising to about half within four to five years. This move comes alongside an upcoming CEO transition: Jeffrey Sanfilippo will step down as CEO on October 1 but remain executive chairman; his brother Jasper Sanfilippo will take over as CEO. John B. Sanfilippo reported $1.2 billion in annual net sales and has invested more than $150 million in capital expenditures over the past two years, with elevated spending expected to continue for a few quarters before returning to historical levels by fiscal 2028.
Tickers: $JBSS
Topics: CEO transition manufacturing expansion private-label snacks