ZELLWIN FARMS COMPANY acquired by HUHTAMAKI
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 LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (11.6x).
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 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
LOGIN
Equity Value
LOGIN
Multiples
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (USD)
Similar deals in Industry & Manufacturing
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 07/2025 | UNIGASKET | ASSOTECH | ITALY | Chemicals & Materials | The acquisition of Assotech by Unigasket, an Italian group specializing in the production of tubes and joints for various industrial sectors, is the outcome of an external growth strategy implemented by the group in partnership with its majority shareholder, Palladio Holding. This transaction enables Unigasket to strengthen its market positioning in high-growth niches and expand its product portfolio. With revenues now exceeding €100 million, and an export share of around 60%, the group plans to continue its expansion as an aggregation platform through synergistic and targeted acquisitions focused on increasingly core materials in next-generation technologies |
| 05/2025 | MOVENDO CAPITAL / DRAYCOTT | VERESCENCE | FRANCE | Chemicals & Materials | Stirling Square Capital Partners has reached an agreement to sell 100% of Verescence to a consortium formed by Movendo Capital and Draycott. This transaction follows a competitive auction process managed by Rothschild & Co, which attracted interest from major international private equity firms (One Rock, Lone Star, ICG) and global industrial players (PGP Glass, Vitro, Heinz). The acquisition represents a strategic shift for Verescence toward long-term family-office ownership, moving away from traditional short-cycle private equity |
| 04/2025 | ASTORG | SOLABIA | FRANCE | Chemicals & Materials | The private equity firm Astorg wins the auction to acquire the Solabia Group from TA Associates. This secondary LBO values the French biotech specialist at over EUR1.1 billion. The management team, led by CEO Jean-Baptiste Dellon, reinvests alongside Astorg. This new partnership aims to accelerate Solabia's international growth, particularly in the United States, and to continue its buy-and-build strategy to broaden its portfolio of natural ingredients for the beauty and health sectors. |
| 04/2025 | BWGI (BW GESTÃO DE INVESTIMENTOS) | VERALLIA | FRANCE | Chemicals & Materials | BWGI, which currently holds 28.8% of Verallia's capital, has filed a voluntary tender offer to acquire control of the company. The offer proposes a price of 30 euros per share (with the 2024 dividend attached). Unlike typical private equity buyouts, BWGI has explicitly stated its intention to maintain Verallia's listing on Euronext Paris, seeking only to cross the regulatory threshold of 50% capital or voting rights. A critical component of this transaction is the management of Verallia's existing debt structure |
| 03/2025 | GROUPE GRIS | LASER ALSACE PRODUCTION (LAP) | FRANCE | Chemicals & Materials | Groupe GRIS acquired 100% of Laser Alsace Production from its founder. This operation allows the group to integrate a new cutting technology—laser—which complements its historical expertise in press-cutting. |
| 02/2025 | UPM RAFLATAC | METAMARK | UNITED KINGDOM | Chemicals & Materials | UPM Raflatac acquired 100% of Metamark for a total consideration of �146 million. This acquisition accelerates UPM's transformation into a "complete product provider" for the adhesive industry. By integrating Metamark, UPM gains a respected portfolio of graphic films that complements its existing labeling business. The deal thesis relies on leveraging UPM's massive global sales and distribution network to export Metamark's products—currently strong in Europe—to new markets in the Americas and Asia |
| 01/2025 | APERAM | UNIVERSAL STAINLESS & ALLOY PRODUCTS | UNITED STATES | Chemicals & Materials | The acquisition of the target by Aperam marks a definitive structural expansion into the North American market. The strategic rationale for this transaction centers on a "portfolio-decommoditization" play, merging the target's technical operational depth in aerospace-grade alloys with the group’s global leadership in stainless and specialty steel solutions. This fusion effectively creates a specialized powerhouse in the high-performance metals arena, providing the organization with the necessary technical resources to address the increasing complexity of aerospace and industrial supply chains in the United States |
| 01/2025 | MACFARLANE GROUP | THE PITREAVIE GROUP | UNITED KINGDOM | Chemicals & Materials | Macfarlane Group UK Limited, a wholly-owned subsidiary of Macfarlane Group PLC, has acquired 100% of The Pitreavie Group Limited. This strategic acquisition is designed to significantly enhance Macfarlane’s manufacturing presence in Scotland and provide internal supply capabilities for its distribution businesses in the North of England. The transaction includes a structured earn-out mechanism based on profit growth targets over the next two years, ensuring the continued commitment of Pitreavie’s senior management team, who will remain with the business post-completion |
| 01/2025 | GROUPE SGT (SOCIETE GENERALE DES TECHNIQUES) | AXIUM PACKAGING | FRANCE | Chemicals & Materials | The Groupe SGT continues its expansion by acquiring Axium Packaging from private equity funds Cerea Partners and Bpifrance. This strategic move marks a significant diversification for SGT: while SGT is a leader in preforms for the beverage market, Axium specializes in finished containers (bottles, jars) for the hygiene, beauty, and food sectors. The acquisition creates a comprehensive European packaging player with strong synergies in recycled materials (rPET) and a combined industrial footprint of over 10 sites |
| 12/2024 | VERITIV CORPORATION | ORORA PACKAGING SOLUTIONS | UNITED STATES | Chemicals & Materials | Veritiv Operating Company has successfully completed the acquisition of Orora Packaging Solutions (OPS) from Orora Limited (ASX: ORA). This landmark transaction represents a major step in Veritiv’s consolidation strategy within the North American packaging sector. The deal allows Veritiv to integrate OPS' extensive distribution network and its nearly 3,000 employees into a unified specialty packaging platform. The strategic rationale for the acquisition is to enhance the combined entity's geographic footprint, particularly in the U.S... |
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: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).