Premier Foods, the UK food producer behind Branston Pickle and Typhoo Tea, has unveiled plans for a £300m (US$549.8m) flotation on the stock market.

The company is currently held by US private equity firm Hicks, Muse, Tate & Furst. It will launch on the stock market 30 July.

Over the years since it emerged from the Hillsdown demerger, Premier has acquired leading brands from Nestlé and Unilever, and now owns Sun-Pat peanut butter, Sarsons vinegar, Gale's honey and Waistline salad dressings, as well as the Crosse & Blackwell range.

Average annual turnover is in the region of £774m, and 2003 operating profits came in at £68.1m.