Confirmed Control Unknown Transaction verified ConsumerFoodfoodservicefrozen pizza crusts

TNT Crust acquired by General Mills

General Mills agreed to acquire TNT Crust, a food brand.

Transaction summary

Target
TNT Crust
Acquirer
General Mills
Seller
-
Announced
-
Geography
-
Type
Acquisition
Deal type
Control
Stake acquired
-
First added
2026-10-19
Latest update
2026-10-20

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

-

Period not stated

Basis: FundComb estimate

EV / EBITDA

-

EBITDA basis not stated

Basis: FundComb estimate

Basis

  • Reported enterprise value: USD 253m.

Source summary

General Mills 10-K, filed 2025-06-26

Confirmed

Acquisition of TNT Crust by General Mills.

Open source

General Mills 10-K, filed 2025-06-26

Confirmed

During 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 source

General Mills 10-K, filed 2025-06-26

Confirmed

GENERAL MILLS, INC. (Exact name of registrant as specified in its charter)

Open source

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