Beef Processor Kilcoy Files for US IPO Showing Rising Profit

Kilcoy Global Foods Ltd. filed early Monday for an initial public offering in the US, to capitalize on the fast-growing appetites of both US and Asian consumers for prepared protein-based foods.

The processor of meats and seafood, along with some of its shareholders, plan to sell American depositary receipts according to a US Securities and Exchange Commission filing. Kilcoy traces its roots to Australia in 1953 and was acquired in 2013 by a fund affiliated with Chinese agriculture giant New Hope Group.

Kilcoy expects to use the proceeds of the sale for purposes including strategic investments and acquisitions, ...