FOODAROM has been 100% owned by GLANDIA NUTRITIONALS since August 2020.

At what enterprise value was FOODAROM acquired in 2020?

During the acquisition of FOODAROM by GLANDIA NUTRITIONALS in 2020, the transaction's Enterprise Value is estimated to be in the range of 20M - 50M USD.

What was the EV/EBITDA of FOODAROM when it was acquired by GLANDIA NUTRITIONALS?

The estimated EV/EBITDA multiple for FOODAROM is in the range of 15x - 25x.

When was FOODAROM acquired by GLANDIA NUTRITIONALS?

FOODAROM was acquired by GLANDIA NUTRITIONALS in 2020.

What was the revenue of FOODAROM at the time of the deal?

The revenue of FOODAROM at the time of the deal is estimated to be in the range of 10M - 30M USD.

What was the EBITDA of FOODAROM during the acquisition?

FOODAROM's EBITDA is estimated to be in the range of 0M - 5M USD.

How is the data for the FOODAROM 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 FOODAROM 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.fooddive.com/news/glanbia-acquires-custom-flavor-designer-foodarom-for-45m/583808/

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 AgriFoodFOODAROM

08/2020

FOODAROM acquired by GLANDIA NUTRITIONALS

CANADA Food Processing / Ingredients EV 20M - 50M USD

Context

Glanbia Nutritionals has acquired the Canadian flavor designer Foodarom for CAD $60 million (~USD $45 million). This acquisition aligns with Glanbia's strategy to grow its "Nutritional Solutions" (NS) division by adding complementary capabilities. Foodarom's expertise in custom flavors and masking agents is highly synergistic with Glanbia's core protein business: it allows Glanbia to sell not just the protein powder, but the entire flavored formulation (e.g., "Strawberry Whey Isolate" ready-to-mix) to its sports nutrition and lifestyle clients.

FOODAROM, which reported an EBITDA margin of in 2019, 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 2006, Foodarom is a Canadian custom flavor designer and manufacturer. It boasts a library of over 15,000 flavor recipes (liquid and powder) and specializes in creating turnkey flavor solutions for the food, beverage, and nutritional product industries. The company is particularly known for its expertise in masking agents (masking bitterness in plant proteins or high-intensity sweeteners) and functional ingredients. At the time of acquisition, Foodarom operated production facilities and innovation centers in Canada (Montreal), the US (Salt Lake City, San Diego), and Europe (Germany, Italy).

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2018

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REFERENCES

Valuation range: EV 20M - 50M USD

Revenue range: 10M - 30M USD

EBITDA range: 0M - 5M USD

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