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    Food & Agriculture Q2 2020

    Q2 2020 Food Agriculture

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Rockstar, Inc.
    • PepsiCo, Inc.
    • $4,550.00
    • Smart Foodservice Stores LLC
    • US Foods, Inc.
    • $970.00
    • Assets of Dean Foods Company
    • Dairy Farmers of America, Inc.
    • $433.00
    • Flavors Holdings Inc.
    • Whole Earth Brands, Inc.
    • $387.50
    • Five Production Facilities and Ledbetter Branded Retail Products of Empire Packing Company, L.P.
    • JBS USA Food Company, LLC
    • $238.00
    • 8 Additional facilities, 2 distribution branches, and certain other assets
    • Prairie Farms Dairy, Inc.
    • $75.00
    • 5 New York City stores and Distribution Center of Fairway Group Holdings Corp.
    • Village Super Market, Inc.
    • $73.20
    • Three Dispensaries of Arrow Alternative Care in Connecticut
    • Curaleaf Holdings, Inc.
    • $38.00
    • McArthur Dairy Assets in Florida of Dean Foods Company
    • Moishe Mana
    • $16.50
    • Business of Provide Commerce, Inc.
    • Farids & Co.LLC
    • $12.50

     

    Source S&P Capital IQ as of 7/6/2020 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. “Food Exporters Resist China’s New Coronavirus Restrictions.” The Wall Street Journal. June 25, 2020.
    2. Eideberg, Callie. “Congress just took two actions to boost climate resilience in agriculture.” Environmental Defense Fund. June 8, 2020.
    3. Bustillo, Ximena.” Small Meat get little aid as demand grows.” Politico. June 15, 2020.
    4. Gasparro, Annie. “Why the American Consumer Has Fewer Choices—Maybe for Good.” The Wall Street Journal. June 27, 2020.
    5. Bunge, Jacob. “Meatpackers Slammed by Covid Get Serious About Automation.” The Wall Street Journal. July 9, 2020.
    6. McGinnis, Mike. “More 2020 U.S. Soybean and a lot less corn acres, USDA estimates.” Successful Farming. June 30, 2020.
    7. Graybill, Sarah. “Automated palletizer systems optimize manufacturing, save time.” Beverage Industry. June 26, 2020.

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