ORLANDO, FL - US Foods continues to keep an eye on the future, including, according to a Form 8-K filed recently with the SEC, a possible IPO filing in the next year or so.
According to the submission, the distributor’s parent company, USF Holding Corp., expects to conduct an initial public offering of its common stock at some point in the future.
The topic came up during a sales conference that was held in Orlando, Florida, where the re-launch of its strategic transformation initiatives was discussed with its senior leaders and sales organization.
As we previously reported, US Foods is in the midst of a ‘better than ever’ campaign called “Just Taking Off,” launched just one week after its long battle with the FTC to merge its name with Sysco came to an end. Through it, US Foods has looked to show its consumers that it is stronger than ever and ready to serve.
With this strategy came the discussion of new initiatives the company is pursuing as part of this “transformation,” eventually, it seems, leading to a possible IPO.
“The Company expects that the IPO will occur sometime within the next 12 to 18 months, subject to market conditions,” the filing states.
No actual offer was made or appears to be on the table as of yet, however, with the form clearly stating that the statement was not an offer to sell any securities.
AndNowUKnow will keep you updated on this story as more information develops.
