M&A Deal Summary

Mars Acquires Preferred Brands International

On August 14, 2017, Mars acquired food company Preferred Brands International

Acquisition Highlights
  • This is Mars’ 7th transaction in the Food sector.
  • This is Mars’ 10th transaction in the United States.
  • This is Mars’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2017-08-14
Target Preferred Brands International
Sector Food
Buyer(s) Mars
Deal Type Add-on Acquisition
Advisor(s) Goldman Sachs (Financial)
Giannuzzi Lewendon
Shardul Amarchand Mangaldas & Co. (Legal)

Target

Preferred Brands International

Stamford, Connecticut, United States
Preferred Brands International LLC (dba Tasty Bite) is a food company that manufacturers and markets Tasty Bite® and a range of natural, convenient, and specialty foods with more than 100 SKUs. Tasty Bite was established in 1994 and is based in Stamford, Connecticut.

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Buyer(S) 1

Buyer

Mars

McLean, Virginia, United States
Category Company
Founded 1911
Sector Food
Revenue 33.0B USD (2015)
DESCRIPTION

Mars is a global manufacturer of confectionery, pet food, and other food products and a provider of animal care services. Mars was established in 1911 and is headquartered in McLean, Virginia.

DEAL STATS #
Overall 11 of 22
Sector (Food) 7 of 11
Type (Add-on Acquisition) 10 of 18
State (Connecticut) 1 of 1
Country (United States) 10 of 15
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 VCA

Los Angeles, California, United States

VCA, Inc. is an animal healthcare company operating in the United States and Canada. VCA provides veterinary services and diagnostic testing to support veterinary care, sells diagnostic imaging equipment and other medical technology products and related services to the veterinary market and provide various communication, marketing solutions and other services to the veterinary community. VCA provides pharmaceutical products and performs a variety of pet wellness programs including health examinations, diagnostic testing, routine vaccinations, spaying, neutering and dental care. VCA, Inc. was formed in 1986 and is based in Los Angeles, California.

Buy $9.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-07 Linnaeus Group

West Midlands, United Kingdom

Linnaeus Group Ltd. is a provider of veterinary services and offers an outstanding referral-led hub-and-spoke platform in the UK. Linnaeus Group was founded in 2014 and is based in West Midlands, United Kingdom.

Buy -
Mergr

Product

Company

Legal