What was the revenue of PAULIG GROUP - Corporate FLAVORING DIVISION at the time of the deal?

The revenue of PAULIG GROUP - Corporate FLAVORING DIVISION at the time of the deal is estimated to be in the range of 50M - 100M EUR.

How is the data for the PAULIG GROUP - Corporate FLAVORING DIVISION 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 PAULIG GROUP - Corporate FLAVORING DIVISION 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://capitalfinance.lesechos.fr/deals/nos-exclus/solina-deleste-le-finlandais-paulig-group-109683

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Home Database AgriFoodPAULIG GROUP - Corporate FLAVORING DIVISION

05/2015

PAULIG GROUP - Corporate FLAVORING DIVISION acquired by SOLINA GROUP

FINLAND Food Processing / Ingredients REV 50M - 100M EUR

Context

Solina Group continues its aggressive external growth strategy by acquiring the "Industrial Flavoring" division of the Finnish Paulig Group. This transaction includes the subsidiaries Lihel Oy (Finland), Nordfalks AS (Estonia), and Nordfalks Industrie AB (Sweden). The acquisition adds approximately EUR54 million in revenue to Solina, pushing its projected turnover to EUR320 million for 2015. Strategically, this deal completes Solina's coverage of Northern Europe (following the 2014 acquisition of SFK Food in Denmark) and opens new markets in Finland, Norway, Sweden, Russia, and the Baltics. The transaction was financed using existing acquisition credit lines secured during Solina's 2014 refinancing.

PAULIG GROUP - Corporate FLAVORING DIVISION, which reported an EBITDA margin of in 2014, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the AgriFood sector (10.7x).

-> Deep-dive in AgriFood market trends

Target

The Corporate Flavoring Division of the Finnish food conglomerate Paulig Group consists of three main entities: Lihel Oy (Finland), Nordfalks AS (Estonia), and Nordfalks Industrie AB (Sweden). Together, they form the leading producer of savory ingredients and spice blends for the food industry in Northern Europe. The division specializes in functional marinades and seasonings for the meat processing industry, serving clients across Scandinavia, the Baltics, and Russia.

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REFERENCES

Revenue range: 50M - 100M EUR

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