Dean Foods'soy and organic arm Whitewave Foods Co said it plans to raise up to US$320m in an initial public offering.
In a US Securities and Exchange Commission filing today(17 October),the food group said it will offer 20m Class A common shares for between$14 and$16 per share.
In August,Dean Foods announced plans to sell shares in up to 20%of The WhiteWave Foods Co.in an IPO in New York.
Separately,the company said third-quarter sales for WhiteWave rose 13%to$598m from a year ago,driven by continued"strong"volume growth across the segment's coffee creamers and beverages and plant-based foods and beverages portfolios,and"significant"increases in marketing investments.
Dean said it expects operating income for the segment of$64m,up 22%from a year ago.
