Peruvian-based fresh produce marketer Camposol has filed paperwork for an initial public offering of the company’s stock on the New York Stock Exchange.
In a filing with the U.S. Securities and Exchange Commission, the company reported it hopes to raise about $345 million through sales of stock to the public. The document did not say when the stock would be available to purchase or how it would be priced.
“We are a fast-growing, vertically-integrated producer of branded and predominantly off-season fresh and healthy food for leading global retailers and wholesalers, with strong operating margins,” the company said the filing. “We optimize our operations to supply products that are in high demand by consumers, which today include fresh produce such blueberries and avocados, as well as other produce such as tangerines, mangoes, grapes and peppers, as well as shrimp.”
During the nine months ended Sept. 30, the company reported it generated revenue from continuing operations of $240.6 million and a profit for the period of $38.8 million.
About half of its revenue came from avocado sales and 13% from the sale of blueberries, according to the document.