Investment & M&A transaction comps
Food Investment & M&A Transaction Comps
Explore investment and M&A transactions tagged food. Compare companies, buyers, dates and available valuation multiples, with reported, estimated or rumored figures clearly labelled in each comp.
Coverage includes published FundComb transactions carrying this tag. Each comp preserves its own source notes and valuation basis.
- Reviewed transactions
- 107
- With value data
- 68
- With revenue multiples
- 51
- Transaction years
- 1990–2026
Sortable transaction comps
Food transaction table
Rows with reported value
18 / 25
Acquisition EV, USD
USD 69B
Investment EV, USD
-
Median EV / revenue
3.0x
Selected comparison set
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Choose transactions from the table to build a quick comparison set.
25 shown of 107 matching transactions. Click any transaction row for more detail.
Values are 100% enterprise values. Multiples divide EV by full-company revenue or EBITDA. Reported prices are assumed to be EV; explicit partial-stake prices are grossed up as estimates. Amounts paid are tracked separately, and a financing without a reported valuation shows its amount raised, not an EV.
| Select for comparison | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| McCormick de Mexico Control (25%) | 2026-01-02 | McCormick & Company, Incorporated | Undisclosed | Undisclosed | - | - | Mexico | Confirmed 20 sources | ||
| La Regina Atlantica, LLC Minority (49%) | 2025-12-08 | Campbell Soup Supply Company LLC | Undisclosed Investment Amount | Undisclosed | - | - | Italy / United States (Georgia LLC) | Confirmed 5 sources | ||
| Graze Control (100%) | 2025-12-01 | Katjes International | GBP 35.0M Consideration | 46 | - | - | United Kingdom | Estimated 1 source | ||
| WK Kellogg Co Control (2%) | 2025-07-10 | Ferrero | USD 3.1B Enterprise Value | 3,100 | 1.1x | - | North America | Confirmed 2 sources | ||
| LesserEvil Control | 2025-04-03 | The Hershey Company | USD 815M Total Consideration | 815 | 4.9x | - | United States | Confirmed 3 sources | ||
| Jurado, Inc. Control | 2025-03-31 | McCormick & Company, Incorporated | USD 38.1M Enterprise Value | 38 | 1.4x | - | Las Cruces, New Mexico, United States | Confirmed 7 sources | ||
| Garza Food Ventures LLC (Siete) Control (100%) | 2025-01-17 | PepsiCo | USD 1.2B Enterprise Value | 1,200 | - | - | - | Confirmed 4 sources | ||
| Simple Mills, Inc. Control (100%) | 2025-01-08 | Flowers Foods, Inc. | USD 795M Consideration | 795 | 3.3x | - | United States | Confirmed 1 source | ||
| Sabra Dipping Company, LLC (Sabra) Control (50%) | 2024-12-03 | PepsiCo | USD 482M Enterprise Value | 482 | 1.2x | - | - | Estimated 8 sources | ||
| Sour Strips Control | 2024-11-08 | The Hershey Company | USD 75.5M Enterprise Value | 76 | - | - | United States | Confirmed 3 sources | ||
| 2024-11-01 | Mondelēz International | USD 255M Enterprise Value | 255 | - | - | China | Confirmed 35 sources | |||
| General Mills North American yogurt business Control (100%) | 2024-09-12 | Lactalis and Sodiaal | USD 2.1B Consideration | 2,100 | 1.4x | - | United States & Canada | Confirmed 1 source | ||
| Kellanova Control (100%) | 2024-08-14 | Mars, Incorporated | USD 36B Enterprise Value | 35,900 | 2.8x | 16.4x | United States & Global | Confirmed 1 source | ||
| Sweetwood Smoke & Co. Control | 2024-08-09 | Conagra Brands | USD 179M Enterprise Value | 179 | - | - | - | Confirmed 5 sources | ||
| TGI Fridays retail licensing rights Licensing | 2024-05-01 | Kraft Heinz | Undisclosed | Undisclosed | - | - | North America | Confirmed 7 sources | ||
| 2024-03-26 | JDE Peet's N.V. | EUR 245M Consideration | Undisclosed | 3.3x | - | United States (Minneapolis, Minnesota roasting operations); excludes Caribou coffeehouses | Confirmed 15 sources | |||
| Hotel Chocolat Group plc Control (100%) | 2023-11-16 | Mars, Incorporated | GBP 570M Enterprise Value | 701 | 2.8x | 23.6x | United Kingdom | Estimated 1 source | ||
| Hostess Brands, Inc. Control (100%) | 2023-09-11 | The J. M. Smucker Company | USD 5.6B Enterprise Value | 5,600 | 3.9x | 17.2x | United States | Confirmed 3 sources | ||
| Sovos Brands, Inc. Control (100%) | 2023-08-07 | Campbell Soup Company | USD 2.7B Enterprise Value | 2,700 | 3.2x | 19.8x | United States | Confirmed 30 sources | ||
| Yasso Holdings, Inc. Control (100%) | 2023-06-14 | Unilever | Undisclosed | Undisclosed | - | - | United States | Estimated 1 source | ||
| Chr. Hansen Holding Control | 2022-12-12 | Novozymes | USD 12B | 12,300 | 9.3x | 26.2x | Denmark | Confirmed 1 source | ||
| Wells Enterprises (Blue Bunny, Halo Top) Control (100%) | 2022-12-07 | Ferrero International S.A. | Undisclosed | Undisclosed | - | - | United States | Estimated 1 source | ||
| The Better Health Company Control | 2022-06-29 | Nestle | Undisclosed Undisclosed | Undisclosed | - | - | New Zealand | Estimated 2 sources | ||
| Clif Bar & Company Control (100%) | 2022-06-20 | Mondelēz International | USD 2.9B Enterprise Value | 2,900 | 3.6x | 24.2x | United States | Confirmed 11 sources | ||
| TNT Crust Control | 2022-05-11 | General Mills | USD 253M Enterprise Value | 253 | 2.5x | - | - | Confirmed 7 sources |
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Source coverage varies by transaction. Announced deals, minority investments and capital raises retain their own labels; an investment amount is separate from enterprise value. Read the methodology.