Food & Agriculture Q4 2019

Q4 Food Agriculture

M&A Transaction Trends

Largest Transactions Closed

  • Target
  • Buyer
  • Value($mm)
  • Arnott's Biscuits Holdings, Campbell Hong Kong and Related Business of Campbell Soup Company
  • KKR & Co. Inc.
  • $2,200.00
  • Reinhart FoodService L.L.C./Associated Real Estate Companies
  • Performance Food Group Company
  • $2,000.00
  • Quest Nutrition, LLC
  • Atkins Nutritionals Holdings, Inc.
  • $1,000.00
  • National Beef Packaging Company, LLC
  • Marfig Global Foods S.A.
  • $970.00
  • International Dehydrated Foods, Inc./American Dehydrated Foods, Inc.
  • Symrise AG
  • $900.00
  • B&R Global Holdings, Inc.
  • HF Foods Group Inc.
  • $808.03
  • Castle Brands Inc.
  • Pernod Ricard SA
  • $276.64
  • Direct Store Delivery Snacks Business
  • Utz Quality Foods, LLC
  • $140.00
  • Portfolio of Seven Giant Supermarket in Pennsylvania
  • Vastgood Properties, LLC; RW Partneres, Inc.
  • $127.00
  • Zumbro River Brand, Inc.
  • SensoryEffects Flavor Company
  • $52.00

 

Source S&P Capital IQ as of 1/10/2020 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. Zhu, Grace, Deng, Chao, “China to Cut Tariffs on Range of Goods Amid Push for Trade Deal,” The Wall Street Journal, December 23, 2019.
  2. Goldschmidt, Bridget, “Retail, Food Industries Heartened by USMCA Trade Deal,” Progressive Grocer, December 10, 2019.
  3. Kang, Jaewon, “Aldi, Lidl Cut Into U.S. Grocers’ Turf,” The Wall Street Journal, October 15, 2019.
  4. Back, Aaron, “Kroger’s Refresh Is Finally Paying Off,” The Wall Street Journal, November 5, 2019.
  5. Kang, Jaewon, “Supermarkets Pick Fruits, Vegetables for Health Growth,” The Wall Street Journal, December 6, 2019.
  6. Koranda, Stephen, “Farmers’ Struggles Bring Down Personal Income Growth in Kansas,” Kansas Public Radio, December 26, 2019.
  7. “President Signs Bill that Funds Navel Orangeworm Facility,” Capital Press, December 23, 2019.
  8. Chaudhuri, Saabira, “Why Wait? Whiskey is Aging Fast.,” The Wall Street Journal, December 13, 2019.
  9. Russell, Shawndra, “Mead Could Be the Next Big Craft Beverage,” Fortune, December 22, 2019.
  10. Webber, David, “Shifting Trends Serve Up Beverage Opportunities,” QSR, November 2019.
  11. “Federal Excise Tax Rates Extended Through 2020,” Wine Industry Advisor, December 23, 2019.

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