Advertisement

News and analysis on the global poultry
and animal feed industries.
Poultry Processing & Slaughter / Broilers & Layers / North America / Industry News & Trends / Business & Markets
AdvancePierre Foods
AdvancePierre Foods, producer and distributor of sandwiches, as well as value-added meat and poultry products, is seeking to raise $210 million through an initial public offering. | Davide Guglielmo, Freeimages.com
on April 11, 2016

AdvancePierre Foods files for initial public offering

Company specializing in sandwiches, sandwich meats and chicken products files paperwork with the U.S. Securities and Exchange Commission

AdvancePierre Foods, a company specializing in meat and poultry products and sandwiches, has filed for an initial public offering (IPO).

The company filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) related to the IPO. The number of shares to be offered and the price range for the proposed offering have not yet been made public.

The IPO comes about a year after the company was reportedly interviewing investment banks to prepare for a sale that could value the company at more than $2 billion.

Headquartered in Cincinnati, Ohio, AdvancePierre Foods is a leading national producer and distributor of ready-to-eat sandwiches and sandwich components. In addition to is sandwich products, it offers products like chicken patties, stuffed entrees and chicken tenders. AdvancePierre Foods was formed in 2010 when Pierre Foods, which Oaktree Capital Group acquired out of bankruptcy in 2008, merged with Advance Foods Co. and Advance Brands LLC.

Barclays Capital Inc., Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for the proposed offering. A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

Comments powered by Disqus