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    Food & Agriculture Q1 2020

    Q1 2020 Food Agriculture

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • fairlife, LLC
    • The Coca-Cola Company
    • $1,000.00
    • All Assets of Bumble Bee
    • F.C.F. Fishery Co., Ltd.
    • $925.60
    • Primo Water Corporation
    • Cott Corporation
    • $677.80
    • S&D Coffee, Inc.
    • Westrock Coffee Company, LLC
    • $405.00
    • Sadler's Smokehouse, Ltd.
    • Hormel Foods Corporation
    • $270.00
    • Arizona Production & Packaging LLC
    • Refresco Group B.V.
    • $110.00
    • NORPAC Quincy, Washington Plant
    • Oregon Potato Co.
    • $107.00
    • Fruitsmart, Inc.
    • Universal Corporation
    • $105.00
    • All Assets Of Sid Wainer & Son, Inc.
    • The Chefs' Warehouse, Inc.
    • $50.45
    • Warrender Enterprise Inc.
    • Acquired Sales Corp.
    • $20.00

     

    Source S&P Capital IQ as of 4/13/2020 and PCE Proprietary Data

    Additional Resources

    eBook- Keys to Selling Your Packaged Food & Beverage Company

    Contacts

    eBook- Keys to Selling Your Agriculture Business

     

    Michael Poole

    Orlando Office

    407-621-2112

    David Jasmund

    Orlando Office

    407-621-2111

    Data Assumptions

    This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.

    Glossary

    EBIT - Earnings Before Interest and Taxes
    EBITDA - Earnings Before Interest, Taxes, Depreciation, Amortization
    LTM - Last Twelve Months
    TEV - Total Enterprise Value

    Sources:

    1. Bunge, Jacob. "Coronavirus Hits Meat Plants as Some Workers Get Sick, Others Stay Home." The Wall Street Journal. April 6, 2020.
    2. Bunge, Jacob. “Meat Stockpiles Surge as Coronavirus Epidemic Curbs Exports.” The Wall Street Journal. March 2, 2020.
    3. Bunge, Jacob. "Coronavirus Hits Meat Plants as Some Workers Get Sick, Others Stay Home." The Wall Street Journal. April 6, 2020
    4. Horn, Jason. “Coronavirus is Disrupting Wine Trade and Major Events.” Beverage Industry Enthusiast. March 2, 2020.
    5. Delonge, Marcia, “6 Ways the Agricultural Resilience Act Equips Farmers to Fight the Climate Crisis with Science,” UCSUSA, March 8, 2020.
    6. Cornell University. "Food scientists slice time off salmonella identification process." ScienceDaily, March 5, 2020.
    7. U.S. Department of Agriculture, “USDA Invests $23 Million in Broadband for Rural North Dakota Communities,” United States Department of Agriculture, January 7, 2020.
    8. Sterk, Ron. “Sugar users facing unprecedented supply obstacles in 2020.” Food Business. January  23, 2020.
    9. Droke, Clif. "Coronavirus stockpiling won't boost sugar prices." Seeking Alpha. April 3, 2020
    10. Bruan, Karen. “ Virus fallout pushes CBOT corn to 14-year March lows.” Reuters. March 19, 2020.
    11. Lombardo, Cara. “PepsiCo Agrees to Buy Energy-Drink Maker.” The Wall Street Journal. March 11, 2020.
    12. Gasparro, Annie, Smith, Jennifer, Kang, Jaewon. “Grocers Stopped Stockpiling Food. Then Came Coronavirus.” The Wall Street Journal. March 23, 2020.
    13. The United States, California Department of Food and Agriculture, “CDFA Accepting Applications For Two Grant Programs: Biologically Integrated Farming Systems And Proactive IPM Solutions,” California Department of Food and Agriculture, February 27, 2020.

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