M&A Deal Summary

Frodo Baking Acquires Corbion N.V. - Frozen Dough Business

On January 11, 2021, Frodo Baking acquired food company Corbion N.V. - Frozen Dough Business from Corbion

Acquisition Highlights
  • This is Frodo Baking’s 1st transaction in the Food sector.
  • This is Frodo Baking’s 1st transaction in the United States.
  • This is Frodo Baking’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2021-01-11
Target Corbion N.V. - Frozen Dough Business
Sector Food
Buyer(s) Frodo Baking
Sellers(s) Corbion
Deal Type Divestiture

Target

Corbion N.V. - Frozen Dough Business

East Rutherford, New Jersey, United States
Corbion's Frozen Dough Business provides frozen dough in East Rutherford, New Jersey.

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Buyer(S) 1

Buyer

Frodo Baking

United States

Category Company
Sector Food
DESCRIPTION

Frodo Baking Co. is a manufacturer and distributor of frozen dough products, as well as other baked goods, to leading retailers.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Corbion

Amsterdam, Netherlands

Category Company
Founded 1919
Sector Food
Employees2,727
Revenue 1.4B EUR (2023)
DESCRIPTION

Corbion is engaged in the production and supply of biobased food ingredients and biochemicals. The Company delivers biobased products made from renewable resources and applied in global markets like bakery, meat, culinary, pharma, home and personal care, and resins. Corbion was founded in 1919 and is based in Amsterdam, the Netherlands.


DEAL STATS #
Overall 1 of 3
Sector (Food) 1 of 3
Type (Divestiture) 1 of 3
State (New Jersey) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-25 Granotec do Brasil S.A.

Araucária, Brazil

Granotec do Brasil S.A. is a specialist in functional blends for the Brazilian bakery industry. Granotec is a platform of a technological application into biotechnology and nutrition, supplying ingredients as well as services, such as laboratory analysis, equipment sales, and its technical assistance and professional qualification.

Buy $45M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Granolife

Santiago de Querétaro, Mexico

Granolife provides Nutrition, Biotechnology, and New Technologies to improve the quality of food and contribute to people's health. Granolife was founded in 2002 and is based in Santiago de Querétaro, Mexico.

Buy -