TNT Crust acquired by General Mills
General Mills acquired TNT Crust, a food brand, on Jun 22, 2022.
Preliminary: The EV/revenue and announcement date are not yet independently verified.
Transaction summary
- Target
- TNT Crust
- Acquirer
- General Mills
- Seller
- -
- Announced
- 2022-05-11(unverified)
- Completed
- 2022-06-22
- Geography
- -
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- -
- First added
- 2026-10-19
- Latest update
- 2026-11-03
Value and multiples
100% enterprise value
USD 253M
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
2.53x
Unverified
Period: FY2021
Basis: Public source
EV / EBITDA
-
EBITDA basis not stated
Basis: Public source
Basis
- Reported enterprise value: USD 253m.
- Implied EV / revenue is 2.53x, calculated from USD 253m value and USD 100m revenue.
- Metric period: FY2021 2021.
Source summary
General Mills 10-K, filed 2025-06-26
ConfirmedAcquisition of TNT Crust by General Mills.
Open sourceGeneral Mills 10-K, filed 2025-06-26
ConfirmedDuring the first quarter of fiscal 2023, we acquired TNT Crust, a manufacturer of high-quality frozen pizza crusts for regional and national pizza chains, foodservice distributors, and retail outlets, for a purchase price of $ 253.0 million.
Open sourceGeneral Mills 10-K, filed 2025-06-26
ConfirmedGENERAL MILLS, INC. (Exact name of registrant as specified in its charter)
Open sourceContinue your research
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