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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
October 9, 1996
CURTICE-BURNS FOODS, INC.
(Exact Name of Registrant as Specified in Charter)
New York
(State or other jurisdiction of incorporation)
Registration Statement (Form S-4) Number 33-56517
16-0845824
(IRS Employer Identification Number)
90 Linden Place, PO Box 681, Rochester, New York 14603
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number Including Area Code:
(716) 383-1850
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Item 2. Disposal of Assets
SILGAN CONTAINERS ACQUIRES FINGER LAKES PACKAGING
On October 9, 1996, Curtice-Burns Foods, Inc. ("Curtice Burns" or the "Company")
completed the sale of Finger Lakes Packaging to Silgan Containers Corporation.
Finger Lakes is a can-making facility based in Lyons, New York, with a
manufacturing facility in Benton Harbor, Michigan, that had been a wholly-owned
subsidiary of Curtice Burns since 1986. The transaction price was approximately
$30.0 million and includes a long-term supply agreement between Silgan and
Curtice Burns. A gain of approximately $4.0 million will be recognized in the
Company's second quarter earnings. Proceeds from this sale were applied to debt.
Silgan Containers Corporation is an indirect wholly-owned subsidiary of Silgan
Holdings Inc., headquartered in Stamford, Connecticut, a leading North American
manufacturer of consumer goods packaging products, that currently produces steel
and aluminum containers for human and pet food and custom designed plastic
containers for personal care, health, food, pharmaceutical and household
chemical products.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
CURTICE-BURNS FOODS, INC.
Dated: October 10, 1996 By: /s/ William D. Rice
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William D. Rice,
Senior Vice President,
and Secretary