Food & Beverage M&A » By The Online Investor Staff, updated Fri., Apr. 19, 4:49 PM
Recent mergers and acquisitions in the Food & Beverage M&A category.
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Slide #7. Hillshire Brands — Van's Natural Foods from Catterton Partners
Acquirer:
Hillshire Brands (HSH)
Acquiree:
Van's Natural Foods from Catterton Partners
Details:
The Hillshire Brands Company (NYSE:HSH) and Catterton Partners, the leading consumer-focused private equity firm, today announced that Hillshire Brands has signed a definitive agreement to acquire Catterton portfolio company Van's Natural Foods. Van's is a leading better-for-you food brand that delivers great taste, nutrition, simple/clean ingredients and all-family appeal across multiple product lines in frozen breakfast and snack foods. Hillshire Brands will pay $165 million for Van's, which is expected to have net revenues of approximately $60 million in calendar year 2014. The transaction is expected to close in May of 2014 pending regulatory clearance.
Hillshire Brands is a manufacturer and marketer of brand name food products. Co. is a provider of meat-centric food products for the retail and foodservice markets. Co.'s portfolio includes brands such as Jimmy Dean, Ball Park, Hillshire Farm, State Fair, Sara Lee frozen bakery and Chef Pierre pies, as well as brands Aidells and Gallo Salame. Co.'s operations are organized around two business segments: Retail and Foodservice/Other. Co.'s Retail segment sells a variety of packaged meat and frozen bakery products to retail customers in North America. Co.'s Foodservice/Other segment sells a variety of meat and bakery products to foodservice customers in North America.
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