KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS)
Acquired by
PILGRIM'S PRIDE CORPORATION
KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS) acquired by PILGRIM'S PRIDE CORPORATION
Target
KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS)
Acquirer
PILGRIM'S PRIDE CORPORATION
Context
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.
KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS), which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 10.1x average currently observed in the AgriFood sector.
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
The acquired business is a leading manufacturer of branded and private label meats, meat snacks, and food-to-go products in the UK and Ireland. Its portfolio includes iconic brands like Denny (sausages/ham), Richmond (sausages), and Fridge Raiders (meat snacks). It also operates a significant business in ethnic frozen and chilled ready meals. The division employs over 4,500 people and generated over £725 million in annual sales in 2020.
Ent. Value
LOGIN
Equity Value
LOGIN
Multiples Analysis
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (EUR)
Other operations with KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS)
mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.