mynth
← DATABASE
04/2025

ZELLWIN FARMS COMPANY acquired by HUHTAMAKI

UNITED STATES Chemicals & Materials / Packaging & Containers / Paper & Cardboard EV 10M - 30M USD

Context

Huhtamaki has acquired Zellwin Farms Company for an Enterprise Value of USD 18 million. The deal provides Huhtamaki with immediate additional capacity in the molded fiber segment to serve the North American market. This acquisition aligns with the legislative shift in the US away from foam/plastic towards renewable packaging. The transaction is expected to be EPS accretive from Year 1.

ZELLWIN FARMS COMPANY, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Industry & Manufacturing sector (11.6x).

-> Deep-dive in Industry & Manufacturing market trends

Target

Located in Zellwood, Florida, Zellwin Farms is a specialized manufacturer of molded fiber packaging, specifically focusing on egg cartons and egg flats. For over 20 years, the privately-owned business has served egg producers across the Southeastern United States. The company operates a single manufacturing site dedicated to converting recycled paper into protective packaging for the poultry industry.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2023
2022

Similar deals in Chemicals & Materials

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
07/2025UNIGASKETASSOTECHITALYPlastics
05/2025MOVENDO CAPITAL / DRAYCOTTVERESCENCEFRANCEGlass Packaging
04/2025BWGI (BW GESTÃO DE INVESTIMENTOS)VERALLIAFRANCEGlass Packaging
04/2025ASTORGSOLABIAFRANCESpecialty Chemicals
03/2025GROUPE GRISLASER ALSACE PRODUCTION (LAP)FRANCEMetallurgy / Foundry
03/2025BREEDON GROUPLionmark ConstructionUNITED STATESConstruction Materials
02/2025UPM RAFLATACMETAMARKUNITED KINGDOMPlastics
01/2025GROUPE SGT (SOCIETE GENERALE DES TECHNIQUES)AXIUM PACKAGINGFRANCEPlastic Packaging
01/2025MACFARLANE GROUPTHE PITREAVIE GROUPUNITED KINGDOMPaper & Cardboard
01/2025APERAMUNIVERSAL STAINLESS & ALLOY PRODUCTSUNITED STATESMetallurgy / Foundry

REFERENCES

Valuation range: EV 10M - 30M USD

Revenue range: 10M - 30M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ZELLWIN FARMS COMPANY by HUHTAMAKI 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.