-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, T2F8n+X+7F0j+n/fMO8Hdn7lEpDtZNtnJ5HnB5020Ea1sZzbjMd/s5FmLJIJMdRf /sNXdunajR3Dx/qGquJtLA== 0000897069-05-000475.txt : 20050222 0000897069-05-000475.hdr.sgml : 20050221 20050222151627 ACCESSION NUMBER: 0000897069-05-000475 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050222 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050222 DATE AS OF CHANGE: 20050222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHLAND CRANBERRIES INC /WI/ CENTRAL INDEX KEY: 0000818010 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] IRS NUMBER: 391583759 STATE OF INCORPORATION: WI FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16130 FILM NUMBER: 05630919 BUSINESS ADDRESS: STREET 1: 2930 INDUSTRIAL STREET STREET 2: P O BOX 8020 CITY: WISCONSIN RAPIDS STATE: WI ZIP: 54494-8020 BUSINESS PHONE: 7154244444 8-K 1 cmw1252.htm CURRENT REPORT

UNITED STATES
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  
(Date of earliest
event reported): February 22, 2005

NORTHLAND CRANBERRIES, INC.
(Exact name of registrant as specified in its charter)

Wisconsin
0-16130
39-1583759
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)

2321 West Grand Avenue, P.O. Box 8020, Wisconsin Rapids, Wisconsin 54495-8020
(Address of principal executive offices, including zip code)

(715) 424-4444
(Registrant's telephone number, including area code)

2930 Industrial Street, Wisconsin Rapids, WI 54495
(Former name or former address, if changed since last report)

_________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 8.01.    Other Events.

        On February 22, 2005, Northland Cranberries, Inc. issued a press release regarding the sale of its branded juice division. The press release is filed as Exhibit 99 to this Current Report on Form 8-K.

Item 9.01.    Financial Statements and Exhibits.

  (a) Not applicable.

  (b) Not applicable.

  (c) Exhibits. The following exhibits are being filed herewith:

  (99) Press Release of Northland Cranberries, Inc., dated February 22, 2005.













-1-


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.

NORTHLAND CRANBERRIES, INC.


Date:  February 22, 2005
By:  /s/ Nigel Cooper
        Nigel Cooper
        Vice President - Finance












-2-


NORTHLAND CRANBERRIES, INC.

Exhibit Index to Current Report on Form 8-K

Exhibit
Number

(99) Press Release of Northland Cranberries, Inc., dated February 22, 2005

















-3-

EX-99 2 cmw1252a.htm PRESS RELEASE
For More Information Contact: 
John Swendrowski, Chairman & CEO 
Northland Cranberries, Inc. 
2321 West Grand Avenue, P.O. Box 8020 
Wisconsin Rapids, WI 54495-8020 
  Tel: 715-424-4444 
Fax: 715-422-6897 
www.northlandcran.com 

NEWS RELEASE

For immediate release Tuesday, February 22, 2005

NORTHLAND CRANBERRIES SELLS BRANDED JUICE BUSINESS TO APPLE & EVE AND ENTERS INTO LONG-TERM CRANBERRY SUPPLY AGREEMENT

        Wisconsin Rapids, WI – Northland Cranberries, Inc. (OTC: NRCNA) announced today that it has sold its branded juice business to Apple & Eve, LLC. The sale includes certain raw materials, work-in-process and finished goods inventories, the Northland, Treesweet and Awake brands, as well as an assignment of the Seneca brand license agreement between Northland and Seneca Foods Corporation. Apple & Eve, located in Port Washington, New York, is one of the largest independently owned juice companies in the United States.

        As consideration for the assets purchased, Apple & Eve paid Northland approximately $10.8 million in cash, subject to certain adjustments. Northland and Apple & Eve also entered into a cranberry concentrate supply agreement under which Apple & Eve will purchase approximately $6.7 million of cranberry concentrate during the next 12 months. The supply agreement also provides Apple & Eve the option, commencing in October 2005 and continuing for a period of nine years, to purchase cranberry concentrate from Northland for use in the brands acquired by Apple & Eve in this transaction.

        John Swendrowski, Chairman and Chief Executive Officer of Northland, said, “In light of continuing, intense competition in the shelf-stable juice aisle, we believe this transaction is consistent with our goal of enhancing shareholder value. Apple & Eve is known for its healthy and innovative beverages and we believe the Northland brand will be an excellent addition to its portfolio of products. Unfortunately, the transaction will impact the future of approximately 35 jobs in Wisconsin Rapids as we transition the business to Apple & Eve over the next 60 days.”

        Northland intends to continue to operate its remaining cranberry properties, manage its grower contracts with 44 growers in Wisconsin and Oregon and sell cranberry concentrate to Ocean Spray Cranberries, Inc. and to Apple & Eve pursuant to contractual arrangements.


Northland Cranberries, Inc.
News Release, February 22, 2005
Page 2 of 2

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

The Company makes certain “forward-looking statements” in this press release, such as statements about future plans, goals and other events which have not yet occurred. These forward-looking statements are intended to qualify for the safe harbors from liability provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified because they include words such as the Company “believes,” “anticipates,” “expects” or words of similar import. These forward-looking statements involve risks and uncertainties and the actual results could differ materially from those discussed in the forward-looking statements. These risks and uncertainties include, without limitation, risks associated with (i) the level of cranberry inventory held by industry participants; (ii) agricultural factors affecting the Company’s crop and the crop of other North American growers; (iii) the Company’s ability to comply with the terms and conditions of, and to satisfy its responsibilities under, its credit facilities and other debt agreements; and (iv) the Company’s ability to identify, evaluate and successfully execute any strategic alternatives. You should consider these risks and factors and the impact they may have when you evaluate these forward-looking statements. These statements are based only on the Company’s knowledge and expectations on the date of this press release. The Company disclaims any duty to update these statements or other information in this press release based on future events or circumstances.


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