

Wayne Farms, the sixth-largest poultry producer in the US, has filed for an initial public offering with the Securities and Exchange Commission.
A subsidiary of Continental Grain Co, Wayne plans to raise up to $100 million in the IPO, according to the March 16 regulatory filings.
The company did not specify where the stock will be listed.
Citigroup, JPMorgan and BMO Capital Markets are the joint bookrunners on the deal.
Wayne Farms’ net income rose about 74 percent to $174.31 million in the nine months ending 27 December, from $100.36 million a year earlier. Total net sales grew 6.6 percent to $1.70 billion.
Parent company Continental Grain was founded as a grain merchant in 1813 in what is now Arlon, Belgium. Arlon Group, the food and agribusiness private equity firm, spun out of the business as its investment arm in 2008.
Nestle SA, Costco Wholesale Corp and Chick-fil-A are among Wayne Farms’ client base.