M&A Deal Summary

Seaboard Acquires Alto Ingredients - Madera Facility

On April 28, 2021, Seaboard acquired beverage company Alto Ingredients - Madera Facility from Alto Ingredients for 28M USD

Acquisition Highlights
  • This is Seaboard’s 1st transaction in the Beverages sector.
  • This is Seaboard’s largest (disclosed) transaction.
  • This is Seaboard’s 3rd transaction in the United States.
  • This is Seaboard’s 1st transaction in California.

M&A Deal Summary
Date 2021-04-28
Target Alto Ingredients - Madera Facility
Sector Beverages
Buyer(s) Seaboard
Sellers(s) Alto Ingredients
Deal Type Divestiture
Deal Value 28M USD

Target

Alto Ingredients - Madera Facility

Madera, California, United States
Alto Ingredients - Madera Facility is a producer of fuel ethanol. Alto Ingredients' Madera Facility is based in Madera, California.

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Buyer(S) 1

Buyer

Seaboard

Merriam, Kansas, United States

website

Category Company
Founded 1918
Sector Food
Employees13,100
Revenue 11.2B USD (2022)
DESCRIPTION
Seaboard's corporate headquarters in Shawnee Mission, Kansas.
Seaboard's corporate headquarters in Shawnee Mission, Kansas.

Seaboard is an integrated processor and producer of premium pork products in the United States. Seaboard was founded in 1918 and is based in Merriam, Kansas.

DEAL STATS #
Overall 3 of 3
Sector (Beverages) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-06 Butterball

Garner, North Carolina, United States

Butterball, LLC is the major producer of turkey products in the United States. Butterball produces more than 1 billion pounds of turkey each year, and the company supplies its products to more than 30 countries.

Buy -

Seller(S) 1

SELLER

Alto Ingredients

Pekin, Illinois, United States

website

Category Company
Founded 2003
Sector Beverages
Employees439
Revenue 1.2B USD (2021)
DESCRIPTION

Alto Ingredients is a producer of specialty alcohols and essential ingredients. The company is focused on products for four key markets: Health, Home & Beauty; Food & Beverage; Essential Ingredients; and Renewable Fuels. The company’s customers include major food and beverage companies and consumer products companies. Alto Ingredients was incorporated in 2003 and is based in Pekin, Illinois.

DEAL STATS #
Overall 2 of 3
Sector (Beverages) 1 of 1
Type (Divestiture) 2 of 3
State (California) 1 of 2
Country (United States) 2 of 3
Year (2021) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Pacific Aurora

Aurora, Nebraska, United States

Pacific Aurora LLC comprises two ethanol production facilities with a combined annual production capacity of 145 million gallons, a grain elevator with a storage capacity of 4.1 million bushels and integrated rail facilities located in Aurora, Nebraska.

Sell $53M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 Alto Ingredients - Stockton Facility

Stockton, California, United States

Alto Ingredients' Stockton Facility is a fuel-grade ethanol operator. Alto Ingredients' Stockton Facility is based in Stockton, California.

Sell $24M
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