At what enterprise value was FIRST CHOICE INGREDIENTS acquired in 2021?

During the acquisition of FIRST CHOICE INGREDIENTS by ROYAL DSM in 2021, 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 300M - 700M 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 10.9x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of FIRST CHOICE INGREDIENTS when it was acquired by ROYAL DSM?

The estimated EV/EBITDA multiple for FIRST CHOICE INGREDIENTS is in the range of 15x - 25x. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.9x. Join our community for free to access full valuation data and industry trends.

When was FIRST CHOICE INGREDIENTS acquired by ROYAL DSM?

FIRST CHOICE INGREDIENTS was acquired by ROYAL DSM in 2021.

What was the revenue of FIRST CHOICE INGREDIENTS at the time of the deal?

The revenue of FIRST CHOICE INGREDIENTS 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 FIRST CHOICE INGREDIENTS during the acquisition?

FIRST CHOICE INGREDIENTS's EBITDA is estimated to be in the range of 10M - 30M 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 FIRST CHOICE 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 FIRST CHOICE 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://our-company.dsm-firmenich.com/de-de/our-company/news/press-releases/legacy-archive/2021/29-21-dsm-to-acquire-first-choice-ingredients-to-accelerate-growth-in-food-and-beverage.html

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Home Database AgriFoodFIRST CHOICE INGREDIENTS

09/2021

FIRST CHOICE INGREDIENTS acquired by ROYAL DSM

UNITED STATES Food Processing / Ingredients EV 300M - 700M EUR

Context

DSM has entered into a definitive agreement to acquire First Choice Ingredients. This acquisition strategically expands DSM's Food & Beverage offering by adding a leading position in the US savory dairy flavor market. The deal allows DSM to leverage its global distribution network to accelerate First Choice Ingredients' growth outside the US, while integrating their proprietary fermentation technologies into DSM's existing portfolio of enzymes and cultures.

By taking control of First Choice Ingredients, Royal Dsm continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Erber Group in 2020.

FIRST CHOICE INGREDIENTS, 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 (10.9x).

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

Headquartered in Germantown, Wisconsin, First Choice Ingredients is a leading US developer of concentrated dairy flavors created through proprietary fermentation technologies. The company operates three manufacturing facilities and employs approximately 100 people. It specializes in fermenting and blending natural dairy products with cultures and enzymes to create "clean label" savory flavor solutions. Its products are used in a wide range of applications including soups, snacks, salad dressings, sauces, ready meals, bakery products, and increasingly in plant-based meat and dairy alternatives to mimic authentic dairy taste.

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List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
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06/2021	KERRY GROUP	NIACET	UNITED STATES	Food Processing	Kerry Group has reached an agreement to acquire Niacet Corp. from SK Capital Partners and other shareholders.This acquisition integrates Niacet's leadership in preservation technologies—particularly in Bakery and Pharma—into Kerry's global food protection platform
06/2021	PILGRIM'S PRIDE CORPORATION	KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS)	UNITED KINGDOM	Food Processing	Pilgrim's Pride has agreed to acquire the Meats and Meals business of Kerry Group plc. This acquisition adds a portfolio of high-margin, value-added brands to Pilgrim's existing UK operations. It allows Kerry Group to exit the lower-growth consumer foods segment to focus on its core taste and nutrition business

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 50M - 100M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of FIRST CHOICE INGREDIENTS by ROYAL DSM 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).