Subscribe to PCE Communications
    Choose Your Subscription

    Food & Agriculture Q4 2021

    Q4 2021 Food Agriculture

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • BA Sports Nutrition, LLC
    • The Coca-Cola Company
    • $5,600.00
    • Natural Cheese Business of The Kraft Heinz Company
    • Groupe Lactalis S.A.
    • $3,200.00
    • Harvest Health & Recreation Inc.
    • Trulieve Cannabis Corp.
    • $2,433.72
    • International Wine & Spirits Ltd.
    • Sycamore Partners Management, L.P.
    • $1,200.00
    • Bettera Brands, LLC
    • Catalent Pharma Solutions, Inc.
    • $1,000.00
    • Envigo RMS, Inc.
    • Inotiv, Inc.
    • $590.63
    • First Choice Ingredients, Inc.
    • Koninklijke DSM N.V.
    • $453.00
    • That's How We Roll LLC
    • The Hain Celestial Group, Inc.
    • $259.00
    • Newtown Lane Marketing, Incorporated
    • Appgate, Inc.
    • $158.34
    • Theraplant LLC
    • Greenrose Holding Company Inc.
    • $150.00

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • 212 Rome Street in Newark, New Jersey
    • Cabot Properties, Inc.
    • $21.00
    • PataFoods, Inc.
    • Eat Well Investment Group Inc.
    • $11.60
    • 815 Acres of Missouri Farmland
    • Farmland Partners Inc.
    • $6.50
    • Rustic Bakery, Inc.
    • San Francisco Equity Partners
    • n/a

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • San Francisco Equity Partners
    • Alpina Productos Alimenticios S.A.
    • $140.00
    • PA Natural Medicine, LLC
    • Ayr Wellness Inc.
    • $120.00
    • Double Diamond Distillery LLC
    • Tilray, Inc.
    • $106.16
    • ZFS Creston LLC
    • Benson Hill, Inc.
    • $102.00
    • ReCept Holdings Inc.
    • Omnicell, Inc.
    • $100.00
    • Shank's Extracts, Inc.
    • Universal Corporation
    • $100.00
    • Beekman 1802 LLC
    • Eurazeo SE; Cohesive Capital Management, L.P.; Cherng Family Trust
    • $92.00
    • Bay, LLC
    • Cresco Labs Inc.
    • $90.00
    • Vessel Brand, Inc.
    • Flora Growth Corp.
    • $76.04
    • Fresh Packaged Salads and Vegetables Business
    • Taylor Farms Retail, Inc.
    • $73.53
    • People's First Choice, LLC
    • Unrivaled Brands, Inc.
    • $71.80

     

    Source S&P Capital IQ as of 1/11/2022 and PCE Proprietary Data

    PCE Transactions

    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. Casey, Chris. “Biden denounces Kellogg's plan to replace striking workers.” Food Dive, Industry Dive, 13 Dec. 2021.
    2. Newman, Jessie. “California Dairy Farmers Struggle to Stay in the ‘Got Milk’ State.” The Wall Street Journal, Dow Jones & Company, Inc., 5 Dec. 2021.
    3. Kendall, Brent. “Sugar Industry Merger Challenged by Justice Department.” The Wall Street Journal, Dow Jones & Company, Inc., 23 Nov. 2021.
    4. Sowell, Andrew and Swearingen, Brian. “Wheat Outlook: December 2021.” United States Department of Agriculture, USDA, Economic Research Service, 13 Dec. 2021.
    5. Poinski, Megan. “Why the food and beverage industry is building toward the future in 2021.” Food Dive, Industry Dive, 25 Oct. 2021.
    6. Vogt, Willie. “Which crop is king on your farm?.” FarmProgress, Informa Markets, 13 Dec. 2021.
    7. Reeve, Charlie. “US market to open for UK lamb exports from January.” Farmers Weekly, MA Agriculture Ltd, 6 Dec. 2021.
    8. Thomas, Patrick and Maltais, Kirk. “Surging Fertilizer Costs Push Farmers to Shift Planting Plans, Raise Prices.” The Wall Street Journal, Dow Jones & Company, Inc., 15 Dec 2021.

    Please Share This