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
21 / 25
Acquisition EV, USD
USD 22B
Investment EV, USD
-
Median EV / revenue
3.2x
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 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ricolino Control (100%) | 2022-04-25 | Mondelēz International | MXN 26B Consideration | 1,276 | 2.6x | - | Mexico | Estimated 1 source | ||
| Dot's Pretzels, LLC (Dot's) Control | 2021-12-13 | The Hershey Company | USD 894M Enterprise Value | 894 | - | - | United States | Confirmed 14 sources | ||
| Just Spices GmbH Control (85%) | 2021-12-10 | Kraft Heinz Company | EUR 252M Estimated Enterprise Value | 284 | 4.2x | - | Germany | Estimated 1 source | ||
| 2021-11-10 | The Hershey Company | USD 1.2B Enterprise Value | 1,200 | 4.4x | 15.4x | United States | Confirmed 11 sources | |||
| Companhia Hemmer Indústria e Comércio Control (94%) | 2021-09-23 | Kraft Heinz Company | BRL 1.4B Estimated Enterprise Value | 262 | 3.7x | - | Brazil | Estimated 1 source | ||
| Assan Gıda Sanayi ve Ticaret A.Ş. Control (100%) | 2021-06-11 | Kraft Heinz Company | USD 100M Enterprise Value | 100 | - | - | Turkey | Estimated 1 source | ||
| Chipita Global S.A. Control (100%) | 2021-05-26 | Mondelēz International | EUR 1.7B Consideration | 2,079 | 3.3x | - | Greece / Central & Eastern Europe | Estimated 1 source | ||
| Lily's Sweets, LLC Control (100%) | 2021-05-18 | The Hershey Company | USD 425M Consideration | 425 | - | - | United States | Confirmed 1 source | ||
| Grenade Control | 2021-03-22 | Mondelēz International | GBP 200M Consideration | 279 | 4.0x | 40.0x | United Kingdom | Estimated 1 source | ||
| 2021-03-09 | Mondelēz International | AUD 450M Consideration | 345 | - | - | Australia & New Zealand | Confirmed 1 source | |||
| Planters snack nuts business Control (100%) | 2021-02-11 | Hormel Foods Corporation | USD 3.4B Consideration | 3,350 | 3.0x | 15.0x | United States | Confirmed 1 source | ||
| Hu Control (93%) | 2021-01-05 | Mondelēz International | Undisclosed | Undisclosed | - | - | - | Confirmed 19 sources | ||
| Hu Master Holdings (Hu Products) Control (100%) | 2021-01-05 | Mondelēz International | USD 388M Enterprise Value | 388 | - | - | United States | Confirmed 2 sources | ||
| Cholula Control | 2020-11-24 | McCormick & Company, Incorporated | USD 801M Consideration | 801 | 8.3x | - | - | Confirmed 8 sources | ||
| KIND North America Control | 2020-11-17 | Mars, Incorporated | USD 5.0B Enterprise Value | 5,000 | - | - | United States | Estimated 2 sources | ||
| GlaxoSmithKline Bangladesh Limited Control (82%) | 2020-06-30 | Unilever PLC | Undisclosed | Undisclosed | - | - | Bangladesh | Confirmed 5 sources | ||
| Be & Cheery Control (100%) | 2020-06-01 | PepsiCo | Undisclosed | Undisclosed | - | - | China | Confirmed 24 sources | ||
| Give & Go Prepared Foods Control | 2020-02-25 | Mondelēz International | USD 1.2B Enterprise Value | 1,200 | 2.4x | - | Canada & United States | Estimated 1 source | ||
| Hangzhou Haomusi Food Co., Ltd. Control (100%) | 2020-02-23 | PepsiCo | USD 705M Consideration | 705 | 1.0x | - | China | Confirmed 1 source | ||
| 2020-02-01 | ADM | Undisclosed | Undisclosed | - | - | Brazil | Unknown 1 source | |||
| fairlife, LLC Control | 2020-01-03 | The Coca-Cola Company | USD 1.7B Estimated Enterprise Value | 1,703 | - | - | United States | Confirmed 11 sources | ||
| 2019-12-02 | Hostess Brands | USD 320M Consideration | 320 | 2.8x | - | Canada | Confirmed 6 sources | |||
| ONE Brands, LLC Control (100%) | 2019-08-27 | The Hershey Company | USD 397M Consideration | 397 | - | - | United States | Confirmed 1 source | ||
| Quest Nutrition Control | 2019-08-22 | The Simply Good Foods Company | USD 1.0B Consideration | 1,000 | 2.9x | 17.4x | United States | Estimated 1 source | ||
| Perfect Snacks LLC Control | 2019-06-19 | Mondelēz International | USD 284M Consideration | 284 | - | - | United States | Confirmed 1 source |
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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.