FOODHILLS has been 100% owned by APETIT since October 2025.

At what enterprise value was FOODHILLS acquired in 2025?

During the acquisition of FOODHILLS by APETIT in 2025, the transaction's Enterprise Value is estimated to be in the range of SEK 50–150M.

What was the EV/Revenue multiple of FOODHILLS when it was acquired by APETIT?

The estimated EV/Revenue multiple for FOODHILLS is in the range of below 1.5x.

When was FOODHILLS acquired by APETIT?

FOODHILLS was acquired by APETIT in 2025.

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

The revenue of FOODHILLS at the time of the deal is estimated to be in the range of SEK 100–200M.

How is the data for the FOODHILLS 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 FOODHILLS 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.sttinfo.fi/announcement/71517214?publisherId=69820187&lang=en

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 AgriFoodFOODHILLS

10/2025

FOODHILLS acquired by APETIT

SWEDEN Food Processing / Food Products EV SEK 50–150M

Context

Apetit Plc has agreed to acquire 100% of the shares of Foodhills AB. This acquisition consolidates Apetit's position as a leading Northern European pea producer, giving it a 10% market share of European frozen pea production.

FOODHILLS, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the AgriFood sector (11.0x).

-> Deep-dive in AgriFood market trends

Target

Foodhills AB is the largest cultivator and producer of frozen peas in Sweden. Located in Bjuv (Skåne), the company operates a major production facility where it has invested over SEK 200 million since 2018. Foodhills works with approximately 300 contract farmers in the Skåne and Halland regions. Despite its strong market position in primary production, the company has been loss-making in recent years.

Ent. Value

SEK 50–150M

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (SEK)

Year

Rev

EBITDA

EBIT

2024

2023

Similar deals in Food Processing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
11/2025	NEXTURE	FRULACT	PORTUGAL	Ingredients
11/2025	CAMLIN FINE SCIENCES	VINPAI	FRANCE	Ingredients
10/2025	PAI PARTNERS / ADIA	FRONERI	UNITED KINGDOM	Food Products
10/2025	LT FOODS	GLOBAL GREEN EUROPE	HUNGARY	Food Products
10/2025	Aux Trois Cigognes	Biscuiterie La Mère Poulard	FRANCE	Bakery / Pastry
10/2025	THE FERRERO GROUP	WK KELLOGG CO	UNITED STATES	Food Products
09/2025	POPPIES BAKERIES	MILCAMPS	BELGIUM	Food Products
09/2025	ADIA	CASA OPTIMA	ITALY	Ingredients
09/2025	NEWPRINCES GROUP	DIAGEO OPERATIONS ITALY	ITALY	Contract Bottling & Packaging
09/2025	A&M CAPITAL	ISLA DELICE	FRANCE	Food Products

REFERENCES

Valuation range: EV SEK 50–150M

Revenue range: SEK 100–200M

EV/Revenue range: below 1.5x

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