M&A Deal Summary

International Home Foods Acquires Heritage Brands

On November 1, 1996, International Home Foods acquired food company Heritage Brands from Kainos Capital

Acquisition Highlights
  • This is International Home Foods’ 1st transaction in the Food sector.
  • This is International Home Foods’ 1st transaction in the United States.
  • This is International Home Foods’ 1st transaction in Ohio.

M&A Deal Summary

Date 1996-11-01
Target Heritage Brands
Sector Food
Buyer(s) International Home Foods
Sellers(s) Kainos Capital
Deal Type Add-on Acquisition

Target

Heritage Brands

Columbus, Ohio, United States
Heritage Brands, Inc. is a provider of food products in US.

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Buyer(S) 1

Buyer

International Home Foods

Parsippany, New Jersey, United States

Category Company
Founded 1996
Sector Food
Employees7,246
DESCRIPTION

International Home Foods, Inc. ("IHF") is a manufacturer and marketer of shelf-stable food products with popular brand names, including Chef Boyardee prepared foods, Bumble Bee premium canned seafood, PAM cooking spray, Polaner fruit spreads and spices and Gulden's mustard.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (1996) 1 of 1

Seller(S) 1

SELLER

Kainos Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
Size Middle-Market
Type Sector Focused
DESCRIPTION

Kainos Capital is a private equity firm focused on the food and consumer products sector. Kainos targets manufacturers and marketers of food products, as well as other consumer products in the household and personal care industries and over-the-counter health and nutritional products sectors. The Firm's target investment size is $50 to $150 million in a company with an EBITDA of $10 to $80 million. Kainos Capital is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 19
Sector (Food) 1 of 12
Type (Add-on Acquisition) 1 of 9
State (Ohio) 1 of 1
Country (United States) 1 of 18
Year (1996) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-01-01 Heritage Brands

Columbus, Ohio, United States

Heritage Brands, Inc. is a provider of food products in US.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-11-19 International Home Foods

Parsippany, New Jersey, United States

International Home Foods, Inc. ("IHF") is a manufacturer and marketer of shelf-stable food products with popular brand names, including Chef Boyardee prepared foods, Bumble Bee premium canned seafood, PAM cooking spray, Polaner fruit spreads and spices and Gulden's mustard.

Sell -