M&A Deal Summary

Cargill and Continental Grain Acquire Sanderson Farms

On August 9, 2021, Cargill and Continental Grain acquired agriculture company Sanderson Farms for 4.5B USD

Acquisition Highlights
  • This is Cargill’s 6th and Continental Grain’s 1st transaction in the Agriculture sector.
  • This is Cargill’s and Continental Grain’s largest (disclosed) transaction.
  • This is Cargill’s 17th and Continental Grain’s 1st transaction in the United States.
  • This is Cargill’s 1st and Continental Grain’s 1st transaction in Mississippi.

M&A Deal Summary

Date 2021-08-09
Target Sanderson Farms
Sector Agriculture
Buyer(s) Cargill
Continental Grain
Deal Type Add-on Acquisition
Deal Value 4.5B USD
Advisor(s) Centerview Partners (Financial)
Wachtell, Lipton, Rosen & Katz
Fishman Haygood (Legal)

Target

Sanderson Farms

Laurel, Mississippi, United States
Sanderson Farms is is engaged in the production, processing, marketing and distribution of fresh and frozen chicken and other prepared food items. Sanderson Farms was founded in 1947 and is based in Laurel, Mississippi.

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Buyer(S) 2

Buyer

Cargill

Wayzata, Minnesota, United States

Category Company
Founded 1865
Sector Agriculture
Employees142,000
Revenue 136.6B USD (2012)
DESCRIPTION
Cargill's corporate headquarters in Wayzata, Minnesota.
Cargill's corporate headquarters in Wayzata, Minnesota.

Cargill is a global company involved in the food, agriculture, financial, and industrial sectors. Its operations include the trading, processing, and distribution of agricultural commodities; production of meat, poultry, and other food products for both retail and foodservice markets; and the provision of essential industrial products like salt and bio-industrial materials. Cargill was formed in 1865 and is based in Wayzata, Minnesota.


DEAL STATS #
Overall 36 of 41
Sector (Agriculture) 6 of 6
Type (Add-on Acquisition) 23 of 25
State (Mississippi) 1 of 1
Country (United States) 17 of 19
Year (2021) 4 of 7
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-15 AnimalBiome

Oakland, California, United States

AnimalBiome advances pet health through gut and oral microbiome research and products, and is creating a new category within the growing, $14 billion pet food, supplement, and veterinary care market. The company was founded by scientists passionate about pets, and use science to improve animal health. It markets and sells a spectrum of products addressing digestive, skin, and oral health, from testing to targeted microbiome supplements to restore and maintain pet gut health. AnimalBiome was formed in 2016 and is based in Oakland, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-24 Aalst Chocolate

Singapore, Singapore

Aalst Chocolate is a manufacturer of chocolate and supplier to customers mainly in Industrial (confectionery, ice-cream, biscuits, and bakery); and Food Service (professionals and chefs). Aalst Chocolate was founded in 2003 and is based in Singapore.

Buy -
Buyer

Continental Grain

New York, New York, United States

Category Company
Founded 1813
Sector Business Services
DESCRIPTION

Continental Grain Co. is a privately owned global investor, owner, and operator of companies with more than 200 years of history across the food and agribusiness spectrum. The company creates long?term value by applying deep industry knowledge, capital and talent to businesses ranging from established market leaders to promising innovators. Continental Grain Co. builds platforms that leverage its strategic expertise in food production, processing, and distribution to source proprietary deals, working alongside trusted partners, and supporting strong management teams. It brings a long?term ownership mindset, concentrating on investment and operating plans that create enduring value and a sustainable, efficient, and nutritional food supply chain. Continental Grain Co. was formed in 1813 and is based in New York, New York.


DEAL STATS #
Overall 1 of 1
Sector (Agriculture) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Mississippi) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1