M&A Deal Summary

Greencore Acquires Home Made Brand Foods

On April 29, 2008, Greencore acquired food company Home Made Brand Foods from Incline Equity Partners for 44M USD

Acquisition Highlights
  • This is Greencore’s 5th transaction in the Food sector.
  • This is Greencore’s 4th largest (disclosed) transaction.
  • This is Greencore’s 1st transaction in the United States.
  • This is Greencore’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2008-04-29
Target Home Made Brand Foods
Sector Food
Buyer(s) Greencore
Sellers(s) Incline Equity Partners
Deal Type Add-on Acquisition
Deal Value 44M USD

Target

Home Made Brand Foods

Newburyport, Massachusetts, United States
Home Made Brand Foods, Inc. is a manufactures upscale fresh prepared foods sold primarily to major retail grocery chains such as Stop & Shop, Hannaford and Publix. Products include fresh prepared meals and salads, sandwiches and quiche.

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Buyer(S) 1

Buyer

Greencore

Dublin, Ireland
Category Company
Founded 1991
Sector Food
Employees13,600
Revenue 1.9B GBP (2023)
DESCRIPTION

Greencore Group is a food company, offering sandwiches, salads, sushi, chilled snacking, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, and frozen Yorkshire Puddings. Greencore Group was founded in 1991 and is based in Dublin, Ireland.

DEAL STATS #
Overall 6 of 15
Sector (Food) 5 of 12
Type (Add-on Acquisition) 5 of 13
State (Massachusetts) 1 of 2
Country (United States) 1 of 7
Year (2008) 1 of 1
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-13 Ministry of Cake

Taunton, United Kingdom

Ministry of Cake Ltd. is a manufacturer of own-label cakes and gateaux, primarily for the foodservice market. Company producing three million slices of cake a week, employing more than 400 people at its factories in Taunton and Torquay. Famous for its chocolate fudge cake, the company supplies major pub and restaurant chains such as JD Wetherspoon, TGI Friday and Whitbread.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-11 Pauls Malt

Bury St Edmunds, United Kingdom

Pauls Malt Ltd. produces and supplies malt products to breweries and distilleries. The company was incorporated in 1906 and is based in Bury St Edmunds, United Kingdom.

Sell -

Seller(S) 1

SELLER

Incline Equity Partners

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
PE ASSETS 5.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Incline Equity Partners is a private equity firm focused on lower middle-market growth companies. The Firm targets companies located in the US and Canada with enterprise values ranging from $25 to $750 million. Prospective transaction types include buyouts, minority recapitalizations, and corporate divestitures. Incline Equity Partners was formerly known as PNC Equity Partners. The Firm is based in Pittsburgh.

DEAL STATS #
Overall 5 of 39
Sector (Food) 1 of 1
Type (Add-on Acquisition) 2 of 11
State (Massachusetts) 1 of 3
Country (United States) 5 of 38
Year (2008) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-19 LSO

Plano, Texas, United States

LSO is a provider of parcel delivery services throughout the Southern United States. LSO offers its clients overnight, expedited ground, same-day, and last-mile logistics solutions. LSO was founded in 1991 and is based in Plano, Texas.

Buy $16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-01 The Country Vintner

Ashland, Virginia, United States

The Country Vintner (dba Vintners Group) is the second largest distributor of fine wines in the United Sautes and the market leader in the Mid-Atlantic franchise states.

Buy -
Mergr

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