M&A Deal Summary

ADM Acquires Eatem Foods

On October 21, 2015, ADM acquired food company Eatem Foods from Linsalata Capital Partners

Acquisition Highlights
  • This is ADM’s 11th transaction in the Food sector.
  • This is ADM’s 12th transaction in the United States.
  • This is ADM’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2015-10-21
Target Eatem Foods
Sector Food
Buyer(s) ADM
Sellers(s) Linsalata Capital Partners
Deal Type Add-on Acquisition

Target

Eatem Foods

Vineland, New Jersey, United States
Eatem Foods Co. is a developer and producer of premium traditional, natural and organic savory flavor systems. Built on a rich, culinary heritage, Eatem provides the foundation for many of the country’s most recognizable savory brands.

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Buyer(S) 1

Buyer

ADM

Chicago, Illinois, United States

Category Company
Founded 1902
Sector Agriculture
Employees40,213
Revenue 93.9B USD (2023)
DESCRIPTION
Entrance to ADM's corporate headquarters in downtown Chicago, Illinois.
Entrance to ADM's corporate headquarters in downtown Chicago, Illinois.

ADM is a processor of oilseeds, corn, wheat, cocoa, and other agricultural commodities and is a manufacturer of protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients. The Company also has a global grain elevator and transportation network to procure, store, clean, and transport agricultural commodities, such as oilseeds, corn, wheat, milo, oats, and barley, as well as processed agricultural commodities. ADM was founded in 1902 and is based in Chicago, Illinois.


DEAL STATS #
Overall 24 of 46
Sector (Food) 11 of 23
Type (Add-on Acquisition) 14 of 32
State (New Jersey) 1 of 1
Country (United States) 12 of 20
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-16 Archer-Daniels-Midland - Global Cocoa Business

United States

Archer-Daniels-Midland - Global Cocoa Business produces cocoa and its unit includes many facilities and is located in Brazil, Canada, Germany, Ghana, and Singapore.

Sell $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-02 Harvest Innovations

Indianola, Iowa, United States

Harvest Innovations is a provider of nutritionally dense, grain and legume ingredients.

Buy -

Seller(S) 1

SELLER

Linsalata Capital Partners

Mayfield Heights, Ohio, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Linsalata Capital Partners is a middle-market buyout firm that targets equity investments in businesses operating in a broad range of industries. Linsalata looks to invest $15 to $50 million in businesses generating at least $5 million in EBITDA. The Firm will consider transactions valued up to $300 million. Target sectors include automotive aftermarket products, building products, business services, aerospace, commercial durables, consumer packaged goods, contract manufacturing services, direct marketing, education, ethnic products, food and beverage, food service equipment, health and safety products, healthcare services and outsourcing, hobby/crafts, home furnishing, home improvement products, industrial products, infastructure products, leisure/recreation, logistics, medical devices and diagnostics, niche apparel, outdoor/garden living, packaging, personal services, pet products and services, and plastics. Linsalata Capital was formed in 1984 and is based in Mayfield Heights, Ohio.


DEAL STATS #
Overall 33 of 41
Sector (Food) 2 of 3
Type (Add-on Acquisition) 19 of 21
State (New Jersey) 1 of 1
Country (United States) 33 of 41
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-13 Spartan Foods of America

Spartanburg, South Carolina, United States

Spartan Foods of America is a manufacturer of branded pizza crusts sold primarily through grocery and retail channels.

Sell $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-19 Glynlyon

Chandler, Arizona, United States

Glynlyon, Inc. is a provider of web-based curriculum and e-learning solutions. Glynlyon was founded in 1998 and is based in Chandler, Arizona.

Buy -