At what enterprise value was DENALI INGREDIENTS acquired in 2022?

During the acquisition of DENALI INGREDIENTS by ORKLA in 2022, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M 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 DENALI INGREDIENTS when it was acquired by ORKLA?

The estimated EV/EBITDA multiple for DENALI INGREDIENTS is in the range of 10x - 18x. 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 DENALI INGREDIENTS acquired by ORKLA?

DENALI INGREDIENTS was acquired by ORKLA in 2022.

What was the revenue of DENALI INGREDIENTS at the time of the deal?

The revenue of DENALI INGREDIENTS at the time of the deal is estimated to be in the range of 50M - 100M USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of DENALI INGREDIENTS during the acquisition?

DENALI INGREDIENTS's EBITDA is estimated to be in the range of 5M - 25M 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 DENALI INGREDIENTS 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 DENALI INGREDIENTS 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://www.orkla.com/media/press-releases/2022/orkla-invests-in-us-ice-cream-ingredients-and-announces-intention-to-seek-a-partner-to-further-accelerate-growth-of-its-ingredients-business-2022-10-03/

← DATABASE

Home Database AgriFoodDENALI INGREDIENTS

10/2022

DENALI INGREDIENTS acquired by ORKLA

UNITED STATES Food Processing / Ingredients EV 100M - 350M USD

Context

Orkla Food Ingredients (OFI) has agreed to acquire 84% of Denali Ingredients from the founding family. The deal includes a potential earn-out ("top-up payment") based on future growth. The seller and CEO will retain a combined ~16% stake. This acquisition increases OFI's "Sweet Ingredients" vertical by 45% and provides a strategic foothold in the US market.

DENALI INGREDIENTS, which reported an EBITDA margin of in 2019, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the AgriFood sector (10.7x).

-> Deep-dive in AgriFood market trends

Target

Headquartered in Wisconsin, Denali Ingredients is a leading US supplier of ingredient solutions for the ice cream industry. It develops and manufactures fudges, caramels, fruit variegates, coatings, and inclusions (like cookie dough). The company operates two facilities and employs 160 people.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2019

2018

Similar deals in Food Processing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
01/2023	REFRESCO	AVANDIS	NETHERLANDS	Contract Bottling & Packaging
12/2022	ITALIAN WINE BRANDS	BARBANERA VINI	ITALY	Wines & Spirits
10/2022	CAMPARI GROUP	WILDERNESS TRAIL DISTILLERY	UNITED STATES	Wines & Spirits
09/2022	JDE PEETS	LES 2 MARMOTTES	FRANCE	Coffee & Tea
07/2022	CHEVRILLON	ARCADO	FRANCE	Meat & Cured Meat
07/2022	WATERLAND	ONORE	FRANCE	Food Products
07/2022	PREMIER FOODS	THE SPICE TAILOR	UNITED KINGDOM	Food Products
04/2022	ADVENT INTERNATIONAL	IRCA	ITALY	Ingredients
04/2022	CREDIT MUTUEL EQUITY	ADIAL	FRANCE	Food Processing
04/2022	GROUPE ALLIANCE	BERNI	FRANCE	Meat & Cured Meat

REFERENCES

Valuation range: EV 100M - 350M USD

Revenue range: 50M - 100M USD

EBITDA range: 5M - 25M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of DENALI INGREDIENTS by ORKLA 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.

Press release: view release

Target: denali ingredients

Acquirer: orkla