At what enterprise value was PANDRIKS acquired in 2024?

During the acquisition of PANDRIKS by BRIDOR in 2024, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the AgriFood industry currently tracks an average EBITDA multiple of 10.2x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of PANDRIKS when it was acquired by BRIDOR?

The exact EV/EBITDA multiple for PANDRIKS is available on mynth capital. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.2x. Join our community for free to access full valuation data and industry trends.

When was PANDRIKS acquired by BRIDOR?

PANDRIKS was acquired by BRIDOR in 2024.

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

The revenue of PANDRIKS at the time of the deal is estimated to be in the range of 100M - 200M EUR. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the PANDRIKS 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 PANDRIKS 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.groupeleduff.com/actualites/bridor-annonce-lacquisition-de-pandriks

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Home Database AgriFoodPANDRIKS

04/2024

PANDRIKS acquired by BRIDOR

NETHERLANDS Food Processing / Food Products / Bakery / Pastry EV 300M - 700M EUR

Context

Strengthening its leadership in the premium European bakery market, Bridor has completed the acquisition of the Dutch group Pandriks. This transaction is a key component of Groupe LE DUFF’s broader strategy to scale its industrial branch, which now nears the €3 billion annual revenue milestone. The strategic rationale for the deal is the immediate integration of specialized organic bread-making capabilities and two highly efficient manufacturing sites in the Netherlands and Germany. As part of the merger, BRIDOR has committed to finalizing a €75 million investment plan initiated by Pandriks to double its production volume over the next five years. This partnership is designed to blend Pandriks’ sourdough expertise with BRIDOR’s high-gastronomy heritage—supported by its long-standing collaboration with Maison Lenôtre and the Meilleurs Ouvriers de France (MOF). By securing this Northern European hub, BRIDOR enhances its ability to serve the "bake-at-home" retail segment and reinforces its commitment to the premiumization of the global frozen food industry.

PANDRIKS, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the AgriFood sector (10.2x).

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

Pandriks is a European baking specialist focused on organic products and artisanal-inspired bread. Founded in the Netherlands in 2012, the company has developed a premium range of baked goods crafted from simple recipes and long fermentation processes, prioritizing quality and natural ingredients. The group operates on an advanced industrial model, combining modern production technologies with an artisanal approach. With two manufacturing sites in the Netherlands and Germany, Pandriks is well-positioned to serve a broad customer base across Europe and internationally. Pandriks markets its products through two primary channels. On one hand, the company offers private-label products to major retailers. On the other hand, it has a branded range called SlooOW, targeting home baking and specialty retail. This dual strategy enables Pandriks to cater to both industrial and premium segments. As a key player in the organic and high-end bread market, the group benefits from the growing demand for high-quality ingredients and more natural production methods. Pandriks differentiates itself by its ability to produce on a large scale while replicating traditional baking techniques. With a presence in several Northwest European markets, Pandriks primarily serves distributors, foodservice operators, and hotel chains, offering tailored solutions for large accounts and international networks.

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2023

Similar deals in AgriFood

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
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04/2024	GLANDIA NUTRITIONALS	FLAVOR PRODUCERS	UNITED STATES	Food Processing	Glanbia has agreed to acquire Flavor Producers. This acquisition significantly expands Glanbia's Nutritional Solutions (NS) platform by adding scale in the high-growth US "Natural & Organic" flavor market
04/2024	CAMPARI GROUP	COURVOISIER	FRANCE	Food Processing	Davide Campari-Milano N.V. completed the acquisition of 100% of Courvoisier S.A.S. from Beam Suntory. This transaction represents the largest acquisition in Campari's history, significantly strengthening its position in the luxury spirits segment
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03/2024	CVC	PARTNER IN PET FOOD (PPF)	HUNGARY	Food Processing	CVC Capital Partners has agreed to acquire a majority stake in Partner in Pet Food from Cinven. This transaction follows a competitive process where CVC and Advent International had initially explored a joint bid
03/2024	CAMPBELL SOUP COMPANY	SOVOS BRANDS	UNITED STATES	Food Processing	Campbell Soup Company has completed the acquisition of Sovos Brands for $23.00 per share in cash. The transaction values Sovos at a Total Enterprise Value of approximately $2.7 billion. This strategic move adds the fast-growing Rao's brand to Campbell's portfolio, significantly upgrading its "Meals & Beverages" division
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02/2024	INVESTINDUSTRIAL / SAMMONTANA	FORNO D’ASOLO	ITALY	Food Processing	The transaction marks the exit of private equity firm BC Partners from Forno d'Asolo Group, following a successful ownership period that began in 2018. The new owners are a consortium composed of European private equity firm Investindustrial and Italian food manufacturer Sammontana
11/2023	COCA-COLA HBC	FINLANDIA VODKA	FINLAND	Food Processing	Coca-Cola HBC AG, through its wholly-owned subsidiary CC Beverages Holdings II BV, has completed the acquisition of Brown-Forman Finland Oy, the corporate entity that owns the Finlandia vodka brand, from Brown-Forman Netherlands BV

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 100M - 200M EUR

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

Target: pandriks

Acquirer: bridor