Food & Agriculture Q1 2020

Q1 2020 Food Agriculture

M&A Transaction Trends

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

David Jasmund

 

David Jasmund

Investment Banking | ESOP

Orlando Office

407-621-2111 (direct)

djasmund@pcecompanies.com

Connect
407-621-2111 (direct)

407-621-2199 (fax)

Eric Zaleski

 

Eric Zaleski

Investment Banking | ESOP

Chicago Office

847-239-2466 (direct)

ezaleski@pcecompanies.com

Connect
847-239-2466 (direct)

407-621-2199 (fax)

Melissa Ritter

 

Melissa Ritter

Investment Banking

Orlando Office

407-621-2128 (direct)

mritter@pcecompanies.com

Connect
407-621-2128 (direct)

407-621-2199 (fax)

Michael Rosendahl

 

Michael Rosendahl

Investment Banking

New York Office

201-444-6280 Ext 1 (direct)

mrosendahl@pcecompanies.com

Connect
201-444-6280 Ext 1 (direct)

407-621-2199 (fax)

Will Stewart

 

Will Stewart

Investment Banking | ESOP

Orlando Office

407-621-2124 (direct)

wstewart@pcecompanies.com

Connect
407-621-2124 (direct)

407-621-2199 (fax)

whitcomb-woody

 

Woody Whitcomb

Investment Banking

Orlando Office

407-621-2113 (direct)

wwhitcomb@pcecompanies.com

Connect
407-621-2113 (direct)

407-621-2199 (fax)

poole_michael

 

Michael Poole

Investment Banking

Orlando Office

407-621-2112 (direct)

mpoole@pcecompanies.com

Connect
407-621-2112 (direct)

407-621-2199 (fax)

vogt-paul

 

Paul Vogt

Valuation

Atlanta Office

678-641-4760 (direct)

pvogt@pcecompanies.com

Connect
678-641-4760 (direct)

407-621-2199 (fax)

Mackenzie Moran

 

Mackenzie Moran

Investment Banking

New York Office

201-444-6280 Ext 3 (direct)

mmoran@pcecompanies.com

Connect
201-444-6280 Ext 3 (direct)

407-621-2199 (fax)

Isabel Carta

 

Isabel Carta

Investment Banking

Orlando Office

407-621-2149 (direct)

icarta@pcecompanies.com

Connect
407-621-2149 (direct)

407-621-2199 (fax)

Philipp Seubert

 

Philipp Seubert

Investment Banking

New York Office

201-444-6280 Ext 4 (direct)

pseubert@pcecompanies.com

Connect
201-444-6280 Ext 4 (direct)

407-621-2199 (fax)

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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