Search
 

Nut Company Bets Expansion Will Yield Sales Growth

ELGIN, IL-A 330,000-sf addition is being built for John B. Sanfilippo & Son Inc., which will give the nut and snack food maker nearly one million sf on the former Panasonic campus along the Northwest Tollway, near Randall Road.

By Mark Ruda | Updated on September 07, 2005

ELGIN, IL-John B. Sanfilippo & Son Inc. is betting a new facility here will help push annual sales to the next level. The nut and snack food maker broke ground Wednesday on its 330,000-sf addition to a 656,000-sf manufacturing facility it acquired as part of its $48-million acquisition of Panasonic’s 95-acre campus along the Northwest Tollway.

When the company broke ground in 1981 on its current headquarters in Elk Grove Village, it also was considered a state-of-the-art facility, says executive vice president Jeffrey Sanfilippo. The company had 300 employees and $15 million in annual sales then, but has grown its payroll to more than 900 with $580 million in sales. “Within these walls, we hope to be a $1-billion company soon,” Sanfilippo says.

McShane Construction Corp. has begun construction of the addition to the manufacturing facility, one of two buildings purchased by John B. Sanfilippo & Son. A 400,456-sf office building, east of Randall Road and overlooking the Northwest Tollway, also was part of the deal, but Panasonic is leasing back 160,000 sf at 1707 Alft Ln. The manufacturing facility, which will include office space, will be completed by June 2006, says Jim McShane.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.