In recent years the company has expanded its products to include books, mostly children's and how-to, as well as audio and visual items.
The company was established as a paint manufacturer, but over time it expanded its products to provide more than 400 different items.
The remaining $30 million will be used to expand its on-line products and for general corporate purposes.
This 5,000 sq ft (460 m2) store allowed them to expand their products beyond produce with dairy, deli, cheese and meat product lines.
Over time, the company expanded its products to include dance and street apparel and accessories.
"We look forward to building on its already strong competitive position by expanding its products and customers domestically and internationally," his statement said.
In securities filings, the firm says going public will help it expand its products, recruit top money managers and perhaps lead to acquisitions.
Ziploc has expanded their products to more than just sandwich bags.
Over the years, Brighton has expanded their products to include a full line of coordinating accessories and footwear.
Next, they plan to expand their products into the world of social media.