Benson Hill has acquired the assets of ZFS Creston, LLC from Zeeland Farm Services. This strategic acquisition provides Benson Hill with immediate industrial capacity to process its proprietary "Ultra-High Protein" soybeans into value-added ingredients (soy flour, white flake) for the human and pet food markets. By acquiring an existing operational facility rather than building a new one (Greenfield), Benson Hill accelerates its speed to market and secures a scalable supply chain for its "clean label" ingredients. The transaction was financed through a new $100 million debt facility led by Avenue Capital Group and $5 million in seller financing.

ZFS CRESTON, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN as high as the 10.1x average currently observed in the AgriFood sector.

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