M&A Deal Summary

Hometown Food Acquires De Wafelbakkers

On April 5, 2021, Hometown Food acquired food company De Wafelbakkers

Acquisition Highlights
  • This is Hometown Food’s 3rd transaction in the Food sector.
  • This is Hometown Food’s 4th transaction in the United States.
  • This is Hometown Food’s 1st transaction in Arkansas.

M&A Deal Summary
Date 2021-04-05
Target De Wafelbakkers
Sector Food
Buyer(s) Hometown Food
Deal Type Add-on Acquisition
Advisor(s) William Blair (Financial)

Target

De Wafelbakkers

North Little Rock, Arkansas, United States
De Wafelbakkers is a manufacturer of branded, co-manufactured and private label frozen pancakes, waffles, and French toast in the U.S. The Company's great-tasting products are sold to grocery and mass retailers, as well as into foodservice outlets nationally. De Wafelbakkers is headquartered in North Little Rock, Arkansas.

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Buyer(S) 1

Buyer

Hometown Food

Chicago, Illinois, United States
Category Company
Founded 2018
Sector Food
DESCRIPTION

Hometown Food is a manufacturer and marketer of dry baking mixes, frozen pancakes, frozen waffles, frozen French toast, ready-to-spread frosting, flour, and other baking ingredients under the Pillsbury®, Funfetti®, Hungry Jack®, White Lily®, Jim Dandy®, Martha White®, Arrowhead Mills®, SunSpire®, De Wafelbakkers®, and Birch Benders® brands. Hometown Food was formed in 2018 and is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 4
Sector (Food) 3 of 3
Type (Add-on Acquisition) 2 of 2
State (Arkansas) 1 of 1
Country (United States) 4 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-08 Arrowhead Mills

Hereford, Texas, United States

Arrowhead Mills, Inc. is a provider of organic baking, mixes, grains, cereals and nut butter. The company competes primarily in the baking and breakfast categories. Arrowhead Mills was founded in 1960 in the Texas Panhandle by Frank Ford.

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