MERCHANT GOURMET acquired by PREMIER FOODS
Context
Premier Foods has agreed to acquire 100% of Merchant Gourmet from its founding shareholders. The brand is projected to generate revenues of c.28 million (FY2026), showing strong double-digit growth. Premier Foods intends to apply its "branded growth model"—expanding distribution, accelerating innovation (NPD), and increasing marketing investment—to scale the business, replicating the success of its previous acquisitions of The Spice Tailor and FUEL10K.
MERCHANT GOURMET, which reported an EBITDA margin of LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the AgriFood sector (10.7x).
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 1995, Merchant Gourmet is a premium UK food brand specializing in healthy, convenient, plant-based ingredients. It is best known for its ready-to-eat pouches of lentils, quinoa, chestnuts, and flavored grains that can be prepared in 90 seconds. The company operates an asset-light model (100% outsourced manufacturing) and employs a lean team of 25 people.
Ent. Value
LOGIN
Equity Value
LOGIN
Multiples
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (GBP)
Similar deals in AgriFood
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 09/2025 | A&M CAPITAL | ISLA DELICE | FRANCE | Food Processing | A&M Capital Europe acquired a majority stake in Isla Delice from the private equity firm Perwyn. The management team, significantly reinvested alongside AMCE. The transaction aims to support the company's next phase of growth, specifically targeting pan-European consolidation in the fragmented Halal food sector. AMCE intends to leverage its operational capabilities and capital to fund further acquisitions (build-ups) across Europe and to expand the product range into new categories. This deal positions Isla Delice to become the undisputed European champion in Halal consumer goods |
| 09/2025 | POPPIES BAKERIES | MILCAMPS | BELGIUM | Food Processing | Poppies Bakeries acquired 100% of Milcamps from Jacquet Brossard (a subsidiary of the French agricultural cooperative Limagrain). This acquisition strengthens Poppies' leadership in the waffle category, complementing its existing portfolio. Milcamps brings EUR16 million in revenue and specialized industrial capabilities in Dour. The deal allows Poppies to expand its footprint in the retail and foodservice channels in Belgium and France. |
| 08/2025 | NACTAROME GROUP | CLAREMONT INGREDIENTS | UNITED KINGDOM | Food Processing | Nactarome Group agreed to acquire Claremont Ingredients Ltd. from THG Nutrition, a subsidiary of THG PLC, in a strategic bolt-on enhancing its United Kingdom operations and sports nutrition foothold. Transaction facts outline a full ownership transfer of the flavour specialist, aligning with Nactarome's aggressive M&A playbook of tuck-in acquisitions to broaden capabilities. Strategic rationale shines through perfect complementarity: Claremont's entrenched expertise in sports nutrition masking, bakery, bars, and beverages dovetails seamlessly with Nactarome's natural flavours and colours heritage, amplifying innovation pipelines and customer-centric solutions |
| 07/2025 | INSPIRED PET NUTRITION | SOPRAL | FRANCE | Food Processing | Inspired Pet Nutrition (IPN) acquired 100% of Sopral from Parquest, Sofiproteol, and minority investors (Agro Invest, Idia, Unexo). This acquisition marks IPN's first entry into the French market, using Sopral as a logistics and industrial hub for Continental Europe. The exit follows a successful 7-year cycle under Parquest's ownership, where revenue grew from EUR40M to EUR80M. |
| 07/2025 | REFRESCO | TELEMARK KILDEVANN | NORWAY | Food Processing | Refresco has completed the acquisition of Telemark Kildevann Holding AS (TKV), a Norwegian beverage and mineral water producer, following the announcement of the transaction in May 2025. The deal was finalized after obtaining the customary regulatory approvals and satisfying the closing conditions. This acquisition is a key milestone in Refresco's "Buy & Build" strategy, which aims to strengthen its industrial footprint in Europe and consolidate its positions in attractive regional markets. The acquisition enables the group to expand its production capabilities in the Nordic countries, a strategic region where it was already present in Finland, and enhance its service offering to distributors and branded customers in Norway and Sweden |
| 07/2025 | FERRARA CANDY COMPANY | GROUPE CPK (CARAMBAR POULAIN KREMA) | FRANCE | Food Processing | Ferrero, through its subsidiary Ferrara Candy, entered into exclusive negotiations to acquire 100% of CPK from Eurazeo. For Eurazeo, this marks the end of an 8-year investment cycle where it successfully regrouped heritage brands into a standalone French champion. For Ferrero, this acquisition bolsters its presence in the European sugar confectionery market and provides a strong industrial base in France. The transaction is expected to close in Q4 2025. |
| 07/2025 | FOSTER CLARK PRODUCTS | PREZIOSI FOOD | ITALY | Food Processing | Foster Clark Products Ltd. has completed the acquisition of 100% of the share capital of Preziosi Food S.p.A. from a consortium of investors led by Private Equity funds Vertis SGR and HAT Sicaf. This transaction represents a strategic milestone for the Maltese group, marking its first industrial acquisition in Italy and establishing a European hub for savory snacks. The deal secures FCP a modern manufacturing plant in Southern Italy (Melfi) and a leadership position in the Private Label snack market |
| 05/2025 | GREENCORE GROUP | BAKKAVOR GROUP | UNITED KINGDOM | Food Processing | Greencore has entered into a definitive agreement to merge with Bakkavor, creating a combined UK national food champion with pro-forma revenues of circa £4 billion. The strategic rationale for the deal is the creation of an unrivalled convenience food platform with enhanced category depth and deeper retail relationships. The combination aims to deliver annual run-rate pre-tax cost synergies of at least £80 million by the end of the third year through manufacturing consolidation and procurement efficiencies |
| 05/2025 | IDAK FOOD GROUP | SORRENTO SAPORI E TRADIZIONI | ITALY | Food Processing | IDAK Food Group has acquired Sorrento Sapori e Tradizioni, an Italian company specializing in the production of frozen pizza snacks. This strategic acquisition allows IDAK to strengthen its position in the premium frozen segment and expand its product offering. The acquisition is part of IDAK Food Group's European expansion strategy, supported by the TowerBrook Capital Partners fund and allows IDAK to consolidate its position as a leader in the premium frozen segment and strengthen its offering of high-quality products |
| 05/2025 | VIVA WINE GROUP | DELTA WINES | NETHERLANDS | Food Processing | Delta Wines has been acquired by Viva Wine Group, creating a combined entity that operates across eight European countries and serves sixteen markets. The agreement was signed in early 2025 and anticipates closing in May 2025, after regulatory approvals and financing arrangements are completed. Both parties have aligned their corporate structures to facilitate a seamless integration of Delta Wines into Viva Wine Group's existing B2B segment. The acquisition supports Viva Wine Group's objective to broaden its geographic reach beyond the Nordics and to deepen its product offering in continental Europe |
REFERENCES
Valuation range: EV 20M - 50M GBP
Revenue range: 10M - 30M GBP
EBITDA range: 5M - 25M GBP
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MERCHANT GOURMET by PREMIER FOODS 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).