Add-on Acquisition • Food

Parmalat Dairy & Bakery Acquires Astro Food Service

On September 1, 1998, Parmalat Dairy & Bakery acquired food company Astro Food Service for 52M USD

Acquisition Context
  • This is Parmalat Dairy & Bakery’s 1st transaction in the Food sector.
  • This is Parmalat Dairy & Bakery’s largest (disclosed) transaction.
  • This is Parmalat Dairy & Bakery’s 1st transaction in the United States.

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M&A Deal Summary

Date September 1, 1998
Target Astro Food Service
Sector Food
Buyer(s) Parmalat Dairy & Bakery
Deal Type Add-on Acquisition
Deal Value 52M USD
Advisor(s) Kerlin Capital Group (Financial)

Target Company

Astro Food Service

United States
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Buyer Overview 1

Buyer

Parmalat Dairy & Bakery

Toronto, Ontario, Canada

Category Company
Founded 1969
Sector Food
DESCRIPTION

Parmalat Dairy & Bakery, Inc. produces and markets milk and dairy products.


Deal Context for Buyer #
Overall 1 of 1
Sector: Food 1 of 1
Type: Add-on Acquisition 1 of 1
Country: United States 1 of 1
Year: 1998 1 of 1
Size (of disclosed) 1 of 1