AdvancePierre Foods' initial public offering (IPO) in July 2016 was a success for the company — now the sandwich and protein processor aims to follow the acquisition and growth strategies in its DNA to make it a resounding success for investors.
When AdvancePierre Foods (APF) won The National Provisioner’s Processor of the Year award in June 2015, it was the first time in several years that the company had posted a profitable year — it was quite the turnaround and a major success story.
Yet, hidden in the shadows, one specter continued to occasionally haunt the company and some of its employees: its future. Private equity had owned the sandwich and protein processor for nearly eight years, and every now and then, rumors, whispers about the future of the company would pop up in news feeds and around the business.