At what enterprise value was RICHELIEU FOODS acquired in 2017?

During the acquisition of RICHELIEU FOODS by SÜDZUCKER in 2017, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M USD.

When was RICHELIEU FOODS acquired by SÜDZUCKER?

RICHELIEU FOODS was acquired by SÜDZUCKER in 2017.

What was the revenue of RICHELIEU FOODS at the time of the deal?

The revenue of RICHELIEU FOODS at the time of the deal is estimated to be in the range of 250M - 500M USD.

How is the data for the RICHELIEU FOODS 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 RICHELIEU FOODS 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.suedzuckergroup.com/en/press/sudzucker-subsidiary-acquires-richelieu-foods

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Home Database AgriFoodRICHELIEU FOODS

11/2017

RICHELIEU FOODS acquired by SÜDZUCKER

UNITED STATES Food Processing / Food Products EV 300M - 700M USD

Context

Sudzucker AG, through its wholly-owned subsidiary Freiberger USA Inc., has acquired 100% of Richelieu Foods Inc. from the private equity firm Centerview Capital. This acquisition marks Freiberger's strategic entry into the US market, the world's largest pizza market. Richelieu's strong position in US private label pizza complements Freiberger's leadership in the European private label pizza market.

RICHELIEU FOODS, which reported an EBITDA margin of in 2016, 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

Richelieu Foods is a leading US food manufacturer serving the private label (retailer brand) and foodservice markets. It is the largest producer of private label frozen pizza in the United States. In addition to pizza, the company manufactures sauces, dressings, and marinades. It operates five manufacturing facilities across the US (Wisconsin, Ohio, Iowa) and employs approximately 900 people.

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REFERENCES

Valuation range: EV 300M - 700M USD

Revenue range: 250M - 500M USD

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

Press release: view release

Acquirer: südzucker