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    Food & Agriculture Q2 2021

    Q2 2021 Food Agriculture

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Nuts Business of The Kraft Heinz Company
    • Hormel Foods Corporation
    • $3,350.00
    • SEACOR Holdings Inc.
    • AIP, LLC
    • $1,234.55
    • Olde Thompson Inc.
    • Olam Holdings B.V
    • $950.00
    • Aspire Bakeries
    • Lindsay Goldberg LLC
    • $850.00
    • Smart & Final Stores, Inc.
    • Bodega Latina Corporation
    • $620.00
    • Eire Born Spirits LLC
    • Proximo Spirits, Inc.
    • $600.00
    • Luxco, Inc.
    • MGP Ingredients, Inc.
    • $503.57
    • CJ Foods America Corp.
    • CJ Cheiljedang Corporation
    • $440.00
    • Lily's Sweets, LLC
    • The Hershey Company
    • $425.00
    • Bluma Wellness Inc.
    • Cresco Labs Inc.
    • $253.53

     

    Source S&P Capital IQ as of 7/6/2021 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. Fairless, Tom, et al. “Commodity Price Surges Add to Inflation Fears.” The Wall Street Journal, Dow Jones & Company, 7 June 2021.
    2. Fitch, Asa. “Farmers Join Push to Harvest the Benefits of 5G.” The Wall Street Journal, Dow Jones & Company, 25 May 2021.
    3. Ramkumar, Amrith. “Plant-Tech Firm Benson Hill Going Public in $2 Billion SPAC Merger.” The Wall Street Journal, Dow Jones & Company, 9 May 2021.
    4. Bunge, Jacob. “The $213 Billion Meatpacking Industry Faces Stricter Oversight in Washington.” The Wall Street Journal, Dow Jones & Company, 21 June 2021.
    5. Carlton, Jim. “Drought Imperils Economy in California's Farm Country.” The Wall Street Journal, Dow Jones & Company, 21 May 2021.
    6. Bunge, Jacob, and Cara Lombardo. “WSJ News Exclusive | Sanderson Farms Explores Sale.” The Wall Street Journal, Dow Jones & Company, 21 June 2021.
    7. Evich, Helena Bottemiller, and Ryan McCrimmon. “Biden Wants to Pay Farmers to Grow Carbon-Capturing Crops. It's Complicated.” POLITICO, POLITICO, 29 June 2021.
    8. Strickler, Jordan. “Biden Administration To Help Secure Food Supply Chains.” Forbes, Forbes Magazine, 10 June 2021.

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