M&A Deal Summary

Miami Beef Company Acquires Devault Foods

On March 6, 2023, Miami Beef Company acquired food company Devault Foods

Acquisition Highlights
  • This is Miami Beef Company’s 2nd transaction in the Food sector.
  • This is Miami Beef Company’s 2nd transaction in the United States.
  • This is Miami Beef Company’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2023-03-06
Target Devault Foods
Sector Food
Buyer(s) Miami Beef Company
Deal Type Add-on Acquisition

Target

Devault Foods

Devault, Pennsylvania, United States
Devault Foods is a provider of burgers, meatballs, and steaks to restaurants across the Northeast and Midwest. Devault Foods was founded in 1949 and is based in Devault, Pennsylvania.

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Buyer(S) 1

Buyer

Miami Beef Company

Miami, Florida, United States
Category Company
Founded 1972
Sector Food
DESCRIPTION

fresh and frozen meat products to retail and foodservice customers nationwide. Miami Beef brands including Florida Raised, Young Ridge and Free Graze are produced out of their South Florida based facility. Miami Beef Company was founded in 1972 and is based in Miami, Florida.

DEAL STATS #
Overall 2 of 3
Sector (Food) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (Pennsylvania) 1 of 1
Country (United States) 2 of 3
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-06 Brooklyn Burger

United States

Brooklyn Burger is a frozen burger brand primarily serving grocery and retail customers across the United States. Brooklyn Burger’s products include Original Steakhouse Burgers, Wagyu Beef Burgers, Premium Blend Burgers and All Natural Angus Steakhouse Burgers. Brooklyn Burger is based in United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-13 Hofmann

Syracuse, New York, United States

Hofmann is a sausage and hot dog brand in the Central New York area. Its product portfolio includes beef and pork franks, Smoked Sausage, Bratwursts, Beef Jerky, and condiments. Hofmann is based in Syracuse, New York.

Buy -
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