SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the
Securities Exchange Act of 1934
_______________________
Date of Report December 8, 1997
(Date of earliest event reported)
J & J SNACK FOODS CORP.
(Exact name of registrant as specified in its charter)
New Jersey 0-14616 22-1935537
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction Identification Number)
of incorporation
or organization)
6000 Central Highway,
Pennsauken, New Jersey 08109
(Address, including zip code, of
Principal Executive Offices)
(609) 665-9533
(Registrant's telephone number,
including area code)
Item 2. Acquisition or Disposition of Assets
On December 8, 1997, J & J Snack Foods Corp. ("Registrant")
through its ICEE-USA Corp. subsidiary ("ICEE") acquired 99% of
the common stock of National ICEE Corporation ("NIC"), a marketer
and distributor of frozen carbonated beverages under the
tradename ICEE, with approximate annual sales of $40,000,000. As
a result of the acquisition, the Company now has the rights to
market and distribute frozen carbonated beverages under the name
ICEE to all of the continental United States, except for portions
of four states.
The purchase price paid to the former shareholders of NIC
was $8,910,000 in the form of cash. Additionally, ICEE assumed
approximately $44,000,000 of debt, of which approximately
$42,000,000 was retired at closing. The source of cash utilized
to retire the debt and to fund the purchase price was a
$40,000,000 term loan and a revolving line of credit with the
Registrant's existing banks.
Item 7. Financial Statements and Exhibits
Financial statements required by this item will be filed by
amendment not later than 60 days from the date of this initial
report.
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 hereunto duly authorized.
J & J SNACK FOODS CORP.
By:_____________________________
Dennis G. Moore
Senior Vice President & Chief
Financial Officer
Date: December 23, 1997
