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 company was valued at an estimated revenue multiple of 5x - 12x. The transaction's Enterprise Value is estimated to be in the range of 1b - 4b 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 10.8x, providing a valuable benchmark for this transaction.

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. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.8x. Join our community for free to access full valuation data and industry trends.

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. Register for free to access the full transaction report and exact valuation multiples.

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. 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 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

← DATABASE

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 LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the AgriFood sector (10.8x).

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

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

EBITDA

EBIT

2022

2021

Similar deals in AgriFood

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
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
10/2021	BISCUIT INTERNATIONAL	CONTINENTAL BAKERIES	NETHERLANDS	Food Processing	Biscuit International acquired Continental Bakeries from Goldman Sachs Asset Management. This "transformational" deal allows the group to effectively double its size, increasing revenue from EUR530 million to over EUR900 million
09/2021	ROYAL DSM	FIRST CHOICE INGREDIENTS	UNITED STATES	Food Processing	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
09/2021	ALTIA	ARCUS	NORWAY	Food Processing	Altia Oyj completed a merger‑of‑equals transaction with Arcus ASA on September 1, 2021, resulting in the dissolution of Arcus ASA into Altia and the creation of a new combined entity, Anora Group Plc, headquartered in Helsinki
09/2021	FRENCH FOOD CAPITAL / BPIFRANCE / TIKEHAU CAPITAL	MARKAL	FRANCE	Food Processing	Lionel Wolberg, leading a prominent financial consortium comprising FrenchFood Capital, Bpifrance, and Tikehau Capital, has successfully completed the acquisition of Markal. This strategic corporate transmission represents a major milestone for the Drôme-based pioneer, which boasts an established revenue profile of EUR 68 million and a workforce of approximately 70 employees
09/2021	3I	EUROPEAN BAKERY GROUP	NETHERLANDS	Food Processing	3i Group has invested in Dutch Bakery, a bakery group specialized in home bake-off bread and snack products, to support the company's international growth strategy in the fragmented European private label market for bake-off products
07/2021	CVC	PANZANI	FRANCE	Food Processing	Spanish food group Ebro Foods has entered into an agreement to divest its French dry pasta, couscous, semolina, and sauce business, which is consolidated under the Panzani brand, to CVC Capital Partners
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
06/2021	EQUINOX	GRUPPO SALPA	ITALY	Food Processing	Equinox acquired a 63% majority stake in Gruppo Salpa. The founding family (Cherubini) sold their shares but reinvested significantly to retain a 35% stake, while the management team holds the remaining 2%
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

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

Press release: view release

Acquirer: ardian