At what enterprise value was WENGER MANUFACTURING acquired in 2022?

During the acquisition of WENGER MANUFACTURING by MAREL in 2022, 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 500M - 1.5b USD. 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 Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.2x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of WENGER MANUFACTURING when it was acquired by MAREL?

The estimated EV/EBITDA multiple for WENGER MANUFACTURING is in the range of 15x - 25x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.2x. Join our community for free to access full valuation data and industry trends.

When was WENGER MANUFACTURING acquired by MAREL?

WENGER MANUFACTURING was acquired by MAREL in 2022.

What was the revenue of WENGER MANUFACTURING at the time of the deal?

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

What was the EBITDA of WENGER MANUFACTURING during the acquisition?

WENGER MANUFACTURING's EBITDA is estimated to be in the range of 25M - 50M USD. Join our community for free to access complete and exact deal data.

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 WENGER MANUFACTURING 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 WENGER MANUFACTURING 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://jbtmarel.com/en/news/wenger-acquisition-successfully-closed/

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Home Database Industry & ManufacturingWENGER MANUFACTURING

06/2022

WENGER MANUFACTURING acquired by MAREL

UNITED STATES Industrial Equipment / Process Engineering & Production Lines / Food & Beverage Lines EV 500M - 1.5b USD

Context

The transaction transitions Wenger into a publicly traded corporate structure, establishing a standalone fourth operating segment focused on non-meat alternative proteins. This ownership shift moves the asset from private hands into a scaled platform designed to accelerate international capital deployment and bypass capacity constraints in the target's core manufacturing operations. Post-acquisition execution centers on expanding factory footprints in North America to meet unfulfilled processing demand, alongside the integration of Marel’s global digital service network to institutionalize the target's high-margin aftermarket business. Commercial synergies will be driven by cross-selling Marel's downstream technologies, including sorting and thermal treatment systems, directly into Wenger's established upstream customer installations, while management continuity ensures operational stability throughout the integration phase.

The acquisition of Wenger Manufacturing is part of the growth strategy of Marel, which already has several external growth operations under its belt, notably Valka in 2021.

WENGER MANUFACTURING, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of 15.8x, representing a premium to the average currently observed in the Industry & Manufacturing sector (11.2x).

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 Industry & Manufacturing market trends

Target

Wenger operates as an industrial engineering and manufacturing firm focused on extrusion and thermal drying solutions for the pet food, aquaculture, and plant-based protein sectors. Revenue generation is split between the sale of high-specification primary processing machinery and a high-margin aftermarket service model, with maintenance contracts and wear-and-tear parts replacement representing over 40% of total turnover. The customer base spans multi-national pet food processors and early-stage meat-alternative producers, with procurement cycles tied directly to global processing capacity utilization and technical requirements for precise texture control. Operating out of specialized manufacturing facilities in the United States, Brazil, and Denmark, the business relies on long-standing client relationships where high switching costs protect the installed base, while demand is structurally insulated by secular volume growth in consumer premium pet food markets.

Ent. Value

Equity Value

Multiples

FREE VIEW

EV / Revenue

2.8x

FREE VIEW

EV / EBITDA

15.8x

EV / EBIT

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2022

2021

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REFERENCES

Valuation range: EV 500M - 1.5b USD

Revenue range: 100M - 200M USD

EBITDA range: 25M - 50M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of WENGER MANUFACTURING by MAREL 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: wenger manufacturing