M&A Deal Summary

Land O Lakes Acquires Ceres

On June 17, 2016, Land O Lakes acquired life science company Ceres for 17M USD

Acquisition Highlights
  • This is Land O Lakes’ 1st transaction in the Life Science sector.
  • This is Land O Lakes’ largest (disclosed) transaction.
  • This is Land O Lakes’ 8th transaction in the United States.
  • This is Land O Lakes’ 2nd transaction in California.

M&A Deal Summary
Date 2016-06-17
Target Ceres
Sector Life Science
Buyer(s) Land O Lakes
Deal Type Add-on Acquisition
Deal Value 17M USD

Target

Ceres

Thousand Oaks, California, United States
website
Ceres, Inc. is a plant genomics biotechnology company that develops proprietary seeds for energy crops to be used as feedstock in cellulosic ethanol production.

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Buyer(S) 1

Buyer

Land O Lakes

Arden Hills, Minnesota, United States

website

Category Company
Sector Food
DESCRIPTION

Land O'Lakes, Inc. provides an agribusiness and food companies and offers local cooperatives and agricultural producers across the nation an extensive line of agricultural supplies, as well as state-of-the-art production and business services.

DEAL STATS #
Overall 9 of 11
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 9 of 11
State (California) 2 of 2
Country (United States) 8 of 10
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-19 Farmer Lumpe + McClelland

Worthington, Ohio, United States

Farmer, Lumpe + McClelland (dba FLM+) is a marketing communications and strategic consulting company with expertise in the agribusiness and rural community sector.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-29 Vermont Creamery

Websterville, Vermont, United States

Vermont Creamery is a provider of line of fresh and aged goat cheeses, cultured butter, and crème fraîche. Vermont Creamery supports a network of more than 20 family farms, promoting sustainable agriculture in the region.

Buy -
Mergr

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