Strauss Group to Float Coffee Unit on Wall Street

Goldman Sachs and Citigroup have been tapped as lead underwriters for the sale, which is planned for Wall Street in the middle of next year.

Strauss Group is planning to float its Strauss Coffee division on Wall Street, after its partner in the division, Texas-based private equity firm TPG Capital (25%) said it wanted out. TPG paid $293 million for its stake in September 2008.