US Foods intends to raise at least $100 million in an initial public offering of stock.
The Rosemont foodservice distributor wants to list its shares on the New York Stock Exchange under the symbol “USFD,” according to its Securities and Exchange Commission filing.
US Foods supplies chefs and foodservice operators across the country. The company’s customers include restaurants, hospitals, government institutions and schools. US Foods employs about 25,000 people nationwide.
Clayton, Dubilier & Rice LLC and Kohlberg Kravis Roberts & Co. L.P. will remain in control of the company after the stock offering. The firms have owned US Foods since 2007.
US Foods has annual sales of $23 billion. It has lost money each year since 2010.
Sysco <a href="
https://chicago.suntimes.com/business/7/71/729409/sysco-pulling-us-foods-buyout-ftc-move”; target=”_blank”>scrapped a $3.5 billion buyout of US Foods last summer after the Federal Trade Commission blocked the deal.