Annie’s, Inc. acquired by General Mills, Inc.
General Mills, Inc. acquired Annie’s, Inc., a US natural and organic food products brand, on Sep 8, 2014.
Transaction summary
- Target
- Annie’s, Inc.
- Acquirer
- General Mills, Inc.
- Seller
- -
- Announced
- 2014-09-08
- Geography
- United States
- Tags
- ConsumerFood & BeverageNatural And Organic Food Products
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 100%
- First added
- 2026-10-04
- Latest update
- 2026-10-04
Value and multiples
100% enterprise value
USD 820M
100% enterprise value | USD
Basis: Public source
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
4.02x
Period: varies by source
Basis: Derived from source data
EV / EBITDA
-
EBITDA basis not stated
Basis: FundComb estimate
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: USD 46
Announced cash consideration per share.
Basis
- USD 820m enterprise value is treated as publicly disclosed or derived directly from public source data.
- Valuation covers 100% of the target; the amount invested or paid for a stake is separate.
- Implied EV / revenue is 4.02x, calculated from USD 820m value and USD 204m revenue.
- Revenue and multiple inputs are not fully disclosed in public transaction materials reviewed; treat the multiple as an estimate.
- Reported FY2014 sales of approximately USD204 million. Revenue multiple is derived from approximately USD820 million transaction value / USD204 million sales. EBITDA and EBITDA multiples from flattened analyst tables are excluded because the row alignment is uncertain. USD820m / USD204m = approximately4.02x Reported FY2014 sales of approximately USD204 million. Revenue multiple is derived from approximately USD820 million transaction value / USD204 million sales.
Source summary
Annie’s to be Acquired by General Mills for $46 Per Share in Cash
Confirmedfor a total transaction value of approximately $820 million, net of cash.
Open sourceGeneral Mills Completes Annie's Acquisition
Confirmedwith Annie's surviving the merger as a wholly owned subsidiary of General Mills.
Open sourceGeneral Mills wraps up Annie’s acquisition
ConfirmedThe company’s sales totaled $204 million in its fiscal year ended in March.
Open source