At what enterprise value was DUTCH SEAFOOD COMPANY acquired in 2022?

During the acquisition of DUTCH SEAFOOD COMPANY by HILTON FOOD GROUP 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 50M - 150M EUR. 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 10.2x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of DUTCH SEAFOOD COMPANY when it was acquired by HILTON FOOD GROUP?

The estimated EV/EBITDA multiple for DUTCH SEAFOOD COMPANY is in the range of 5x - 12x. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.2x. Join our community for free to access full valuation data and industry trends.

When was DUTCH SEAFOOD COMPANY acquired by HILTON FOOD GROUP?

DUTCH SEAFOOD COMPANY was acquired by HILTON FOOD GROUP in 2022.

What was the revenue of DUTCH SEAFOOD COMPANY at the time of the deal?

The revenue of DUTCH SEAFOOD COMPANY at the time of the deal is estimated to be in the range of 100M - 200M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of DUTCH SEAFOOD COMPANY during the acquisition?

DUTCH SEAFOOD COMPANY's EBITDA is estimated to be in the range of 5M - 25M EUR. 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 DUTCH SEAFOOD COMPANY 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 DUTCH SEAFOOD COMPANY 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.pipersandler.com/investment-banking-transactions/hiltonfoodgroup-2021-12-10

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Home Database AgriFoodDUTCH SEAFOOD COMPANY

03/2022

DUTCH SEAFOOD COMPANY acquired by HILTON FOOD GROUP

NETHERLANDS Food Processing / Food Products EV 50M - 150M EUR

Context

Hilton Food Group plc completed the acquisition of Dutch Seafood Company B.V. from H2 Equity Partners B.V., securing full ownership of the smoked salmon specialist. Rationale centers on diversifying Hilton's protein portfolio into high-growth seafood, leveraging Foppen's leadership in U.S. smoked specialties (61% sales) and Dutch retail via Costco and Albert Heijn. Complementary footprints enable cross-selling, new customer wins, and U.S. market entry, aligning with smoked salmon demand surges (29% U.S. grocery growth, 11% Dutch) while bolstering specialty offerings like toast salmon. Post-deal focus targets earnings accretion within 12 months, net leverage below 2.0x, and regulatory clearances secured from Dutch authorities.

DUTCH SEAFOOD COMPANY, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the AgriFood sector (10.2x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in AgriFood market trends

Target

Dutch Seafood Company B.V., headquartered in Harderwijk, Netherlands, operates as a specialist in premium smoked seafood products under the Foppen brand. The company manufactures and markets a wide range of smoked salmon items, including traditional cold-smoked slices, specialty toast salmon, hot-smoked variants, and kosher-certified options, alongside complementary products like smoked eel, trout, shrimp, and shellfish processing. These delicatessen are distributed to retailers and foodservice clients, emphasizing proprietary smoking techniques using a unique oak and beech wood blend for distinctive flavor and texture. Tracing roots to 1918, Foppen has evolved into a market leader in smoked salmon across Europe and the U.S., with facilities in the Netherlands and Greece supporting 24/7 production across five processing and fifteen packaging lines.

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11/2021	TA ASSOCIATES	NACTAROME GROUP	ITALY	Food Processing	TA Associates acquired a majority stake in Nactarome from Ambienta SGR SpA, with Nactarome management retaining minority equity alongside the seller. This secondary buyout transitions control of the Italian flavours platform, financed via TA's debt fund following a competitive auction managed by Lazard
11/2021	BGH CAPITAL	LAURENT BAKERY GROUP	AUSTRALIA	Food Processing	BGH Capital acquired a controlling stake in Laurent Bakery Group. The transaction involved the exit of a silent co-investor and the reinvestment of founder Laurent Boillon, who remained a significant shareholder and Director

REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of DUTCH SEAFOOD COMPANY by HILTON FOOD GROUP are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: hilton food group