Mexican food processor Sigma Alimentos is revisiting a plan for an initial public offering of shares, with plans to raise as much as MXN18.5bn (US$1bn) in September.

The company, which is part of Grupo Industrial Alfa, is seeking to place around 15% of its equity and will price the shares at 23 to 29 pesos each, according to the prospectus. The San Pedro-based firm aims to register the shares on the Mexican stock exchange on 28 September, but said the listing will depend on market conditions.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Sigma, which produces dairy products, meat and frozen foods, first touted a plan to sell shares in 2013.

Earlier in September this year, the company took full control of Romanian meat processing company Caroli Foods Group, having already owned 49% of the shares.

Sigma reported first-quarter revenues equivalent to US$1.35bn.

In June, the company acquired Peruvian packaged meat and dairy company Sociedad Suizo Peruana de Embutidos.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now