Triarco Industries IPO proceeds would fund acquisitions, brand recognition program.
This article was originally published in The Tan Sheet
Executive Summary
TRIARCO INDUSTRIES IPO TO FUND ACQUISITIONS, BRANDING INITIATIVE, the nutritional supplement supplier says in a registration statement filed recently with the Securities & Exchange Commission. The Wayne, N.J.-based company is proposing an initial public offering of 3.3 mil. shares of common stock, with the proceeds going in part to support an effort to fund purchases of other supplement suppliers and agricultural businesses, as well as to build brand recognition of Triarco's branded product ingredients.