February 2, 2016
Parent company of Portland's Barber Foods hopes to go public
The owner of the Portland-based food manufacturer Barber Foods said the company is exploring whether to become a publicly traded company.
AdvancePierre Foods, a Cincinnati-based food manufacturer and supplier that is backed by the investment firm Oaktree Capital Group LLC, approached Barclays Plc, Credit Suisse Group AG and Morgan Stanley to manage its initial public offering, according to a report by Bloomberg.
If the sale goes through, the value of the company could be as high as $2.5 billion in an IPO. A recent report listed the company's earnings before tax, interest, depreciation and amortization at around $260 million.
The public listing could come as soon as the second quarter, according to the report.
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