NIACET has been 100% owned by KERRY GROUP since June 2021.

At what enterprise value was NIACET acquired in 2021?

During the acquisition of NIACET by KERRY GROUP in 2021, the transaction's Enterprise Value is estimated to be in the range of 1b - 4b USD.

What was the EV/EBITDA of NIACET when it was acquired by KERRY GROUP?

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

When was NIACET acquired by KERRY GROUP?

NIACET was acquired by KERRY GROUP in 2021.

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

The revenue of NIACET at the time of the deal is estimated to be in the range of 150M - 250M USD.

What was the EBITDA of NIACET during the acquisition?

NIACET's EBITDA is estimated to be in the range of 50M - 100M USD.

How is the data for the NIACET 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 NIACET 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.kerry.com/media/Kerry-reaches-agreement-to-acquire-Niacet-for-853m.pdf

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 AgriFoodNIACET

06/2021

NIACET acquired by KERRY GROUP

UNITED STATES Food Processing / Ingredients EV 1b - 4b USD

Context

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. The deal is strategically aligned with Kerry's focus on food safety and waste reduction. Niacet's complementary portfolio of conventional organic acids and clean label solutions will enhance Kerry's ability to serve the growing market for food preservation, including plant-based alternatives. The transaction is expected to be accretive to adjusted EPS in year one.

NIACET, which reported an EBITDA margin of in 2021, 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

Niacet is a global market leader in technologies for food preservation and shelf-life extension. Differentiated by its proprietary drying and granulation process technologies, the company holds clear leadership positions in the Bakery and Pharmaceutical sectors. It also provides cost-effective low-sodium preservation systems for Meat and plant-based food, offering both conventional and clean label solutions. With over 80 years of experience in organic acids, Niacet serves customers in over 75 countries and operates key manufacturing sites in Niagara Falls (USA) and Tiel (The Netherlands).

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2021

2020

Similar deals in Food Processing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
09/2021	ROYAL DSM	FIRST CHOICE INGREDIENTS	UNITED STATES	Ingredients
07/2021	CVC	PANZANI	FRANCE	Food Products
06/2021	PILGRIM'S PRIDE CORPORATION	KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS)	UNITED KINGDOM	Meat & Cured Meat
06/2021	EQUINOX	GRUPPO SALPA	ITALY	Ingredients
05/2021	BAIN CAPITAL	VALEO FOODS GROUP	IRELAND	Food Products
05/2021	ASTORG	SOLINA GROUP	FRANCE	Ingredients
05/2021	OLAM FOOD INGREDIENTS (OFI)	OLDE THOMPSON	UNITED STATES	Ingredients
04/2021	JBS S.A.	VIVERA	NETHERLANDS	Food Products
04/2021	TPG	THE MADE GROUP	AUSTRALIA	Dairy
04/2021	CREDIT MUTUEL EQUITY	CHARLES & ALICE	FRANCE	Food Products

REFERENCES

Valuation range: EV 1b - 4b USD

Revenue range: 150M - 250M USD

EBITDA range: 50M - 100M USD

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