M&A Deal Summary

Kerry Acquires Fleischmann s Vinegar

On October 25, 2018, Kerry acquired food company Fleischmann s Vinegar from Green Plains for 350M USD

Acquisition Highlights
  • This is Kerry’s 10th transaction in the Food sector.
  • This is Kerry’s 2nd largest (disclosed) transaction.
  • This is Kerry’s 10th transaction in the United States.
  • This is Kerry’s 2nd transaction in California.

M&A Deal Summary
Date 2018-10-25
Target Fleischmann s Vinegar
Sector Food
Buyer(s) Kerry
Sellers(s) Green Plains
Deal Type Divestiture
Deal Value 350M USD

Target

Fleischmann s Vinegar

Cerritos, California, United States
website
Fleischmann's Vinegar Co. Inc. is a USDA certified all-natural producer of specialty ingredients that further support Kerry’s taste and clean label strategies across a number of End Use Markets. It is headquartered in California and has manufacturing facilities in Washington, New York, Maryland, Illinois, Missouri, Alabama and California.

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Buyer(S) 1

Buyer

Kerry

Tralee, Ireland

website

Category Company
Founded 1972
Sector Food
Employees22,000
Revenue 7.4B EUR (2021)
DESCRIPTION

Kerry together with its subsidiaries, develops, manufactures, and delivers technology based ingredients, flavors, and integrated solutions for the food, beverage, and pharmaceutical industries in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. Kerry was founded in 1972 and is based in Tralee, Ireland.

DEAL STATS #
Overall 14 of 19
Sector (Food) 10 of 12
Type (Divestiture) 2 of 3
State (California) 2 of 2
Country (United States) 10 of 13
Year (2018) 2 of 4
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 AATCO Food Industries

Ghala, Oman

AATCO Food Industries LLC is a provider of culinary sauces to the foodservice channel. Headquartered in Muscat, Oman with manufacturing facilities in Sohar, Oman, Jeddah, Saudi Arabia and Nashik, India. AATCO Food Industries provides a platform for business development in the Middle East and Africa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-14 Southeastern Mills - North American Coatings & Seasonings Business

Rome, Georgia, United States

Southeastern Mills, Inc. - North American Coatings & Seasonings Business manufactures coatings and seasonings at its strategically located manufacturing base in Rome, Georgia.

Buy -

Seller(S) 1

SELLER

Green Plains

Omaha, Nebraska, United States

website

Category Company
Founded 2004
Sector Renewable Energy
Employees839
Revenue 3.7B USD (2022)
DESCRIPTION

Green Plains is a producer, markets and distributes of ethanol. Green Plains was founded in 2004 and is based in Omaha, Nebraska.

DEAL STATS #
Overall 2 of 2
Sector (Food) 1 of 1
Type (Divestiture) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-26 Cargill - Cattle Feed Yards

Wayzata, Minnesota, United States

Cargill, Inc. - Cattle Feed Yards includes feed yards located in Leoti, Kan. and Yuma, Colo. and will add capacity of 155,000 head to the company's operations. The Leoti and Yuma cattle-feeding operations consist of approximately 1,900 acres of land, supporting infrastructure and feed storage assets, which are strategically located near major meat packers.

Buy $37M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Fluid Quip Technologies

Cedar Rapids, Iowa, United States

Fluid Quip Technologies LLC provides custom technologies and engineering services to biofuel and biochemical industries worldwide. Fluid Quip’s capabilities include process optimization, yield improvement technologies, advanced co-product technologies, and turnkey capital projects. Fluid Quip Technologies is based in Cedar Rapids, Iowa.

Buy -
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