ZFS CRESTON acquired by BENSON HILL
Context
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, representing a LOGIN to the average currently observed in the AgriFood sector (10.8x).
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.
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Target
Located in southwest Iowa, ZFS Creston is an established food-grade soy processing facility. It specializes in the production of soy white flake, soy flour, grits, and soybean oil. These outputs serve as critical raw materials for the manufacturing of soy protein concentrates, isolates, and textured protein products used in plant-based meats, meat extensions, bakery, cereals, and pet food. The facility is equipped to handle identity-preserved supply chains, ensuring traceability from farm to ingredient.
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Historical Financials (USD)
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REFERENCES
Valuation range: EV 100M - 350M USD
Revenue range: 100M - 200M USD
EBITDA range: 5M - 25M USD
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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).