Smucker pet food brands (Rachael Ray Nutrish, 9Lives, Kibbles 'n Bits, Nature's Recipe) acquired by Post Holdings, Inc.
Post Holdings, Inc. acquired Smucker pet food brands (Rachael Ray Nutrish, 9Lives, Kibbles 'n Bits, Nature's Recipe), a US pet brand, on Apr 28, 2023.
Transaction summary
- Target
- Smucker pet food brands (Rachael Ray Nutrish, 9Lives, Kibbles 'n Bits, Nature's Recipe)
- Acquirer
- Post Holdings, Inc.
- Seller
- The J.M. Smucker Company
- Announced
- 2023-02-08
- Geography
- United States
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 100%
- First added
- 2026-10-31
- Latest update
- 2026-10-31
Value and multiples
100% enterprise value
USD 1.2B
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
0.86x
Period: varies by source
Basis: Public source
EV / EBITDA
12x
EBITDA: normalised / adjusted
Basis: Public source
Basis
- Reported value: US$1.2bn enterprise value. Multiples use revenue of US$1.4bn (2022) and EBITDA of US$100m (Forecast).
Source summary
Post Holdings to Acquire Rachael Ray Nutrish, Nature's Recipe and Other Select Pet Food Brands from The J.M. Smucker Co.
ConfirmedPost will acquire the Pet Food Business for $1.2 billion on a cash-free, debt-free basis, subject to an inventory adjustment.
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