BRB Foods, a Brazilian manufacturer and distributor of dry food products, filed on Wednesday with the SEC to raise up to $8 million in an initial public offering.
BRB Foods manufactures and distributes dry food products sold under name brands licensed from companies such as Unilever. The company specializes in the entire process of acquiring, processing, manufacturing, selling, and packaging dry food products that are distributed to and marketed at major retailers and food service establishments throughout Brazil. Its product portfolio includes dry food products such as pasta, rice, beans, corn, cassava, potato, and snacks, and its most popular brands include Knorr, Arisco, Maizena, and Mãe Terra.
The São Paulo, Brazil-based company was founded in 2020 and booked $15 million in revenue for the 12 months ended September 30, 2023. It plans to list on the NYSE American but has not selected a symbol yet (RC ticker: BRB.RC). BRB Foods filed confidentially on May 15, 2023. Network 1 Financial Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
