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 10.6x, 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 10.6x. 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

← DATABASE

Home Database AgriFoodPANDRIKS

04/2024

PANDRIKS

Acquired by

BRIDOR

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

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 (10.6x).

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 as a high-tech industrial bakery with an "artisanal heart," Pandriks specializes in premium organic and traditional sourdough breads. The group operates two state-of-the-art production facilities in Meppel (Netherlands) and Fulda (Germany), employing 400 people. Its business model focuses on "Clean Label" products with long fermentation processes, marketed under its own brand SlooOW for home-bake retail and via private label contracts for major European retailers and hospitality chains. Strategically, Pandriks distinguishes itself through a high-growth organic portfolio and advanced automated baking technology that replicates traditional methods at scale. The company serves a dense Northern European client base, positioning itself as a leader in the "premiumization" of the frozen bakery aisle, with a specific focus on sustainability and high-quality local ingredients.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2024

2023

Other operations with PANDRIKS

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: 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