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04/2024

FLAVOR PRODUCERS acquired by GLANDIA NUTRITIONALS

UNITED STATES Food Processing / Ingredients EV $300–700M

Context

Glanbia has agreed to acquire Flavor Producers. This acquisition significantly expands Glanbia's Nutritional Solutions (NS) platform by adding scale in the high-growth US "Natural & Organic" flavor market. Flavor Producers brings complementary capabilities in plant-based and organic extracts that align with consumer demand for clean labels. The deal is financed through existing debt facilities and cash, leveraging Glanbia's strong balance sheet (0.5x Net Debt/EBITDA). It is expected to be marginally accretive to EPS in the first full year.

FLAVOR PRODUCERS, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of 15x–25x, representing a premium to the average currently observed in the AgriFood sector (11.0x).

-> Deep-dive in AgriFood market trends

Target

Founded in 1981, Flavor Producers is a leading US-based provider of natural and organic flavors and extracts. The company specializes in "clean label" solutions for the food and beverage industries, with a particular strength in the fast-growing functional beverage and nutritional product segments. It operates a portfolio of proprietary technologies for extracting natural essences and holds a significant library of organic-certified flavors.

Ent. Value

$300–700M

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

15x–25x

EV / EBIT

[members only]

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2024
$50–100M
$5–25M
[members only]
2023
$50–100M
$5–25M
[members only]

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REFERENCES

Valuation range: EV $300–700M

Revenue range: $50–100M

EBITDA range: $5–25M

EV/Revenue range: 2x - 6x

EV/EBITDA range: 15x - 25x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of FLAVOR PRODUCERS by GLANDIA NUTRITIONALS 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.

Target: flavor producers