2011
The following is a summary of the major acquisitions that occurred in the food and beverage industry in 2011.
Legend
- Date: The date the buyer acquired the target or brand, as reported in public sources.
- Price: The price paid for the company being acquired.
- Buyer: The company that acquired the target or brand.
- Target: The company or brand that was acquired. For example, if Ford Motor Company acquired Audi, Ford Motor Company is the buyer, Volkswagen is the seller, and the target is Audi.
- Location: The location of the target (i.e., the company or brand that was acquired).
- Seller: The company that owned the target company or brand that was acquired. For example, if Volkswagen sold Audi, Volkswagen is the seller, and the target is Audi.
- Purpose: The primary reason the buyer acquired the target or brand.
- Details: Specific details regarding the transaction, such as the form of consideration (e.g., cash, stock, notes, etc.) and/or any contingent payments (e.g., earnouts, etc.).
Food Manufacturing – General
Ralcorp Frozen Bakery Product Acquired North American Refrigerated Dough Business (Refrigerated Dough)
Date: | October 3, 2011 |
Price: | $545 Million |
Buyer: | Ralcorp Frozen Bakery Product – Provides frozen bakery products. The company offers food services, including bakery chef biscuits, pancakes, toast, sliced deli breads, and retail and in-store bakeries. |
Target: | North American Refrigerated Dough Business – A Sara Lee Corp refrigerated business. |
Location: | Illinois, USA |
Seller: | Sara Lee Corp – An American consumer-goods company based in Downers Grove, Illinois. |
Purpose: | “The sale of our North American Refrigerated Dough business to Ralcorp is another step forward for Sara Lee as we continue to prepare for our separation into two publicly-traded companies,” said Marcel Smits, CEO of Sara Lee Corp. “It will better enable our North American business to focus on its branded meats and frozen desserts products and establish a platform for a strong and independent future.” |
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Get in touch for expert adviceKohlberg Kravis Roberts & Co Acquired Del Monte Foods (Food Producers)
Date: | March 8, 2011 |
Price: | $5.3 Billion |
Buyer: | Kohlberg Kravis Roberts & Co. L.P. – A U.S. global investment company that manages multiple alternative asset classes, including energy, private equity, infrastructure, credit, real estate, and, with its strategic partners, hedge funds. |
Target: | Del Monte Foods Company – A U.S. food production and distribution company based in Walnut Creek, California. |
Location: | California, USA |
Details: | The acquisition was funded via a combination of new debt financing and a significant equity contribution by the Sponsors. |
Danone Holdings Acquires Complan Foods (Nutritional Foods)
Date: | June 15, 2011 |
Price: | Undisclosed Amount |
Buyer: | Danone Holdings – A French multinational food-product corporation headquartered in Paris. |
Target: | Complan Foods – A UK manufacturer and supplier of medical nutrition products. |
Location: | Windsor, UK |
Purpose: | To support both companies’ visions of medical nutrition for all who need it. |
Details: | The Office of Fair Trading cleared the merger on June 8, 2011, and it was completed on June 15, 2011. |