At what enterprise value was FLORIDA FOOD PRODUCTS (FFP) acquired in 2021?

During the acquisition of FLORIDA FOOD PRODUCTS (FFP) by ARDIAN in 2021, the transaction's Enterprise Value is estimated to be in the range of 1b - 4b EUR.

What was the EV/EBITDA of FLORIDA FOOD PRODUCTS (FFP) when it was acquired by ARDIAN?

The estimated EV/EBITDA multiple for FLORIDA FOOD PRODUCTS (FFP) is in the range of 10x - 18x.

When was FLORIDA FOOD PRODUCTS (FFP) acquired by ARDIAN?

FLORIDA FOOD PRODUCTS (FFP) was acquired by ARDIAN in 2021.

What was the revenue of FLORIDA FOOD PRODUCTS (FFP) at the time of the deal?

The revenue of FLORIDA FOOD PRODUCTS (FFP) at the time of the deal is estimated to be in the range of 100M - 200M EUR.

What was the EBITDA of FLORIDA FOOD PRODUCTS (FFP) during the acquisition?

FLORIDA FOOD PRODUCTS (FFP)'s EBITDA is estimated to be in the range of 50M - 100M EUR.

How is the data for the FLORIDA FOOD PRODUCTS (FFP) 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 FLORIDA FOOD PRODUCTS (FFP) 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.ardian.com/press-releases/ardian-acquires-majority-stake-florida-food-products-and-forms-partnership-midocean

What is the average EV/EBITDA multiple for the AgriFood sector in 2026?

The average EV/EBITDA multiple for the AgriFood sector in 2026 is 11.0x.

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Home Database AgriFoodFLORIDA FOOD PRODUCTS (FFP)

09/2021

FLORIDA FOOD PRODUCTS (FFP) acquired by ARDIAN

UNITED STATES Food Processing / Food Products EV 1b - 4b EUR

Context

Ardian has acquired a majority stake in Florida Food Products (FFP) from MidOcean Partners. Under the terms of the agreement, MidOcean, which first invested in FFP in 2018, will retain a significant minority equity stake alongside Ardian. The partnership aims to accelerate FFP's strategic plan through further investment in R&D, infrastructure, and acquisitions to expand its portfolio of natural ingredient solutions. The deal represents a major exit and reinvestment for MidOcean, validating the rapid growth of the clean label sector.

FLORIDA FOOD PRODUCTS (FFP), which reported an EBITDA margin of in 2022, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the AgriFood sector (11.0x).

-> Deep-dive in AgriFood market trends

Target

Founded in 1954 and headquartered in Eustis, Florida, Florida Food Products (FFP) is a leading innovator and manufacturer of vegetable and fruit-based "clean label" ingredients. The company is best known as the largest provider of "natural cures" (e.g., celery powder) for the meat industry, allowing brands to replace synthetic nitrates with plant-based alternatives in bacon, ham, and sausages. FFP's portfolio also includes natural ingredients for texture improvement, flavor enhancement, and shelf-life extension across the food, beverage, and pet nutrition sectors.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

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2022

2021

Similar deals in Food Processing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
11/2021	TA ASSOCIATES	NACTAROME GROUP	ITALY	Ingredients
10/2021	BISCUIT INTERNATIONAL	CONTINENTAL BAKERIES	NETHERLANDS	Food Products
09/2021	ROYAL DSM	FIRST CHOICE INGREDIENTS	UNITED STATES	Ingredients
09/2021	ALTIA	ARCUS	NORWAY	Wines & Spirits
09/2021	3I	EUROPEAN BAKERY GROUP	NETHERLANDS	Bakery / Pastry
09/2021	FRENCH FOOD CAPITAL / BPIFRANCE / TIKEHAU CAPITAL	MARKAL	FRANCE	Food Products
07/2021	CVC	PANZANI	FRANCE	Food Products
06/2021	PILGRIM'S PRIDE CORPORATION	KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS)	UNITED KINGDOM	Meat & Cured Meat
06/2021	EQUINOX	GRUPPO SALPA	ITALY	Ingredients
06/2021	KERRY GROUP	NIACET	UNITED STATES	Ingredients

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 100M - 200M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of FLORIDA FOOD PRODUCTS (FFP) by ARDIAN 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

Acquirer: ardian