At what enterprise value was EM FOODS acquired in 2023?

During the acquisition of EM FOODS by NEWPRINCES GROUP in 2023, 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 10M - 30M 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 10.7x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of EM FOODS when it was acquired by NEWPRINCES GROUP?

The estimated EV/EBITDA multiple for EM FOODS is in the range of below 5x. 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 EM FOODS acquired by NEWPRINCES GROUP?

EM FOODS was acquired by NEWPRINCES GROUP in 2023.

What was the revenue of EM FOODS at the time of the deal?

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

What was the EBITDA of EM FOODS during the acquisition?

EM FOODS'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 EM FOODS 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 EM FOODS 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.just-food.com/news/newlat-enters-unilever-tie-up-on-back-of-em-foods-buy-from-dr-oetker/?cf-view

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Home Database AgriFoodEM FOODS

01/2023

EM FOODS acquired by NEWPRINCES GROUP

FRANCE Food Processing / Food Products EV 10M - 30M EUR

Context

Newlat Food has completed the acquisition of EM Foods and its manufacturing facility in Ludres from the German food company Dr. Oetker. This transaction marks Newlat's strategic entry into the baking mixes and dessert category, further diversifying its product offering. Crucially, the deal is underpinned by a significant long-term co-packing agreement with Unilever. Under this partnership, Newlat will become the exclusive supplier for a range of baking mixes under Unilever's iconic brands such as Carte d'Or, Mondamin, and Maizena. While Dr. Oetker retains ownership of the Alsa brand (transferring its production elsewhere), Newlat will utilize the remaining capacity at the Ludres plant to launch its own brand, Minuto, and expand its private label manufacturing for retailers across Europe.

EM FOODS, which reported an EBITDA margin of in 2024, 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

Located in Ludres (north-east France), EM Foods is a specialized manufacturer of baking mixes and dessert products. Historically a Unilever facility (producing the Alsa brand), it was acquired by Dr. Oetker in 2018. The site features significant production capabilities for powdered baking ingredients and houses an important R&D center focused on recipe reformulation. It serves as a key co-manufacturing hub for major multinational brands.

Ent. Value

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Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

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2024

2023

Similar deals in Food Processing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
02/2023	LUCAS BOLS COMPANY	FLUÈRE	NETHERLANDS	Wines & Spirits
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01/2023	IRCA / ADVENT INTERNATIONAL	KERRY SWEET INGREDIENTS	IRELAND	Ingredients
01/2023	REFRESCO	AVANDIS	NETHERLANDS	Contract Bottling & Packaging
01/2023	BROWN-FORMAN CORPORATION	DIPLOMÁTICO RUM	VENEZUELA	Wines & Spirits
12/2022	ITALIAN WINE BRANDS	BARBANERA VINI	ITALY	Wines & Spirits
10/2022	ORKLA	DENALI INGREDIENTS	UNITED STATES	Ingredients
10/2022	CAMPARI GROUP	WILDERNESS TRAIL DISTILLERY	UNITED STATES	Wines & Spirits
09/2022	JDE PEETS	LES 2 MARMOTTES	FRANCE	Coffee & Tea
07/2022	PREMIER FOODS	THE SPICE TAILOR	UNITED KINGDOM	Food Products

REFERENCES

Valuation range: EV 10M - 30M EUR

Revenue range: 50M - 100M 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 EM FOODS by NEWPRINCES GROUP 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.

Acquirer: newprinces group