At what enterprise value was BLUE BUFFALO PET PRODUCTS acquired in 2018?

During the acquisition of BLUE BUFFALO PET PRODUCTS by GENERAL MILLS in 2018, the company was valued at an estimated revenue multiple of 5x - 12x. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the AgriFood industry currently tracks an average EBITDA multiple of 10.7x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of BLUE BUFFALO PET PRODUCTS when it was acquired by GENERAL MILLS?

The estimated EV/EBITDA multiple for BLUE BUFFALO PET PRODUCTS is in the range of Above 20x. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.7x. Join our community for free to access full valuation data and industry trends.

When was BLUE BUFFALO PET PRODUCTS acquired by GENERAL MILLS?

BLUE BUFFALO PET PRODUCTS was acquired by GENERAL MILLS in 2018.

What was the revenue of BLUE BUFFALO PET PRODUCTS at the time of the deal?

The revenue of BLUE BUFFALO PET PRODUCTS at the time of the deal is estimated to be in the range of 750M - 1.3b USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of BLUE BUFFALO PET PRODUCTS during the acquisition?

BLUE BUFFALO PET PRODUCTS's EBITDA is estimated to be in the range of 250M - 500M USD. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the BLUE BUFFALO PET PRODUCTS acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the BLUE BUFFALO PET PRODUCTS deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://investors.generalmills.com/press-releases/press-release-details/2018/General-Mills-Completes-Acquisition-of-Blue-Buffalo-Pet-Products/default.aspx

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Home Database AgriFoodBLUE BUFFALO PET PRODUCTS

04/2018

BLUE BUFFALO PET PRODUCTS acquired by GENERAL MILLS

UNITED STATES Food Processing / Petfood EV 3b - 100b USD

Context

General Mills acquired Blue Buffalo for $40.00 per share in an all-cash transaction, representing an Enterprise Value of $8.0 billion. The deal represents a significant portfolio reshape for General Mills, pivoting towards the high-growth "Wholesome Natural" pet food sector. Blue Buffalo will operate as a standalone operating segment led by its management team. The transaction was financed through a combination of debt, cash, and equity. The purchase price represents a premium of 23% to the 60-day VWAP.

BLUE BUFFALO PET PRODUCTS, which reported an EBITDA margin of in 2017, is valued in this transaction at an EV/EBITDA multiple of , a level than the average currently observed in the AgriFood sector (10.7x).

-> Deep-dive in AgriFood market trends

Target

Founded in 2002 by the Bishop family, Blue Buffalo is the pioneer and market leader in the "Wholesome Natural" pet food segment in the US. The brand distinguishes itself by using high-quality natural ingredients (real meat, fruit, vegetables) and excluding by-product meals, corn, wheat, soy, or artificial flavors. At the time of the deal, it was the fastest-growing major pet food company in the US, selling through pet specialty stores (PetSmart, Petco) and increasingly through e-commerce and mass retail. In 2017, it generated $1.275 billion in Net Sales.

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11/2017	CASA OPTIMA	MODECOR ITALIANA	ITALY	Ingredients
11/2017	SÜDZUCKER	RICHELIEU FOODS	UNITED STATES	Food Products
10/2017	EGERIA	EUROPEAN BAKERY GROUP	NETHERLANDS	Bakery / Pastry
10/2017	PAI PARTNERS	REFRESCO	NETHERLANDS	Beverages
10/2017	NEXT WORLD EVERGREEN	ORIENTIS GOURMET	FRANCE	Coffee & Tea
07/2017	TEMASEK / UNIGRAINS / TEREOS	BOORTMALT	BELGIUM	Ingredients
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REFERENCES

Valuation range: EV 3b - 100b USD

Revenue range: 750M - 1.3b USD

EBITDA range: 250M - 500M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of BLUE BUFFALO PET PRODUCTS by GENERAL MILLS are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.