AdvancePierre Foods Holdings (APFH) Priced

Largest US supplier of ready-to-eat food to restaurants, retailers and schools.

Consumer Staples - Food Products

IPO Performance
Latest Trade $29.31 +0.35 (+1.2%)
First Day Return 14.3%
Return from IPO 37.9%
 
AdvancePierre Foods Holdings IPO News more
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IPO Data
IPO File Date 04/11/2016
Offer Price $21.00
Price Range $20.00 - $23.00
Offer Shares (mm) 18.6
Deal Size ($mm) 391
 
IPO Data
IPO Date 07/14/2016
Offer Price $21.00
Price Range $20.00 - $23.00
Offer Shares (mm) 18.6
Deal Size ($mm) $391
 
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Business Overview
We are a leading national producer and distributor of value-added, convenient, ready-to-eat sandwiches, sandwich components and other entrées and snacks. We hold the number one or number two market share position by sales or volume in nearly all our major product categories, with net sales of $1.6 billion in the twelve months ended April 2, 2016 and $1.6 billion in fiscal 2015. We offer a differentiated value proposition to our customers due to our scale, broad product portfolio, customization capabilities, national distribution and food safety track record. We market and distribute approximately 2,600 SKUs across all day parts in multiple product categories, including: ready-to-eat sandwiches, such as breakfast sandwiches, PB&J sandwiches and hamburgers; sandwich components, such as fully-cooked hamburger and chicken patties and Philly steaks; and other entrées and snacks, such as country fried steak, stuffed entrées, chicken tenders and cinnamon dough bites. In fiscal 2015, 67.4% of our net sales were attributable to the fast-growing ready-to-eat sandwiches and sandwich components categories. Our products are shipped frozen to our customers and sold under our commercial and retail brands, as well as private label and licensed brands.
We are a leading national producer and distributor of value-added, convenient, ready-to-eat sandwiches, sandwich components and other entrées and snacks. We hold the number one or number two market share position by sales or volume in nearly all our major product categories, with net sales of...
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Company Data
Headquarters Blue Ash, OH
Founded 1946
Employees 4,000
Website www.advancepierre.com
 

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