Greeley meatpacker discloses plans for IPO

GREELEY– The crown jewel of Greeley’s economy has the potential to shine a little brighter with a planned public stock offering.

Without describing a timetable, S&C Holdco3 Inc., the corporate parent and holding company of Greeley-based Swift & Co., has announced its plans for an initial public stock offering.

The IPO move would restore Swift to public ownership, something the company left behind in 2002, when Texas-based buyers acquired the beef, lamb and pork processing company from its parent, publicly held ConAgra Foods Inc. of Omaha, Neb.

The pending stock offer also would end widespread speculation and rumor regarding the…