M&A Deal Summary

Pinnacle Foods Acquires Boulder Brands

On November 24, 2015, Pinnacle Foods acquired food company Boulder Brands for 975M USD

Acquisition Highlights
  • This is Pinnacle Foods’ 5th transaction in the Food sector.
  • This is Pinnacle Foods’ 2nd largest (disclosed) transaction.
  • This is Pinnacle Foods’ 3rd transaction in the United States.
  • This is Pinnacle Foods’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2015-11-24
Target Boulder Brands
Sector Food
Buyer(s) Pinnacle Foods
Deal Type Add-on Acquisition
Deal Value 975M USD
Advisor(s) William Blair (Financial)
Fried Frank Harris Shriver & Jacobson (Legal)

Target

Boulder Brands

Paramus, New Jersey, United States
Boulder Brands, Inc. is a provider of superior tasting, solution-driven products. The company's health and wellness platform consists of brands that target specific consumer needs: the Glutino® and Udi's Gluten Free® brands for gluten-free diets; the Earth Balance® brand for plant-based diets; the Level Life(TM) brand for diabetic diets; EVOL foods for consumers seeking simple and pure ingredients; and the Smart Balance® brand for heart healthier diets.

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Buyer(S) 1

Buyer

Pinnacle Foods

Parsippany, New Jersey, United States
Category Company
Sector Food
Employees4,900
Revenue 3.1B USD (2017)
DESCRIPTION

Pinnacle Foods, Inc. is a manufacturer and marketer of branded convenience food products in the United States and Canada. Its product range includes frozen dinners and entrees, frozen seafood, breakfasts, bagels, pickles, peppers and relish, baking mixes and frostings, and syrups and pancake mixes.

DEAL STATS #
Overall 5 of 5
Sector (Food) 5 of 5
Type (Add-on Acquisition) 3 of 3
State (New Jersey) 1 of 1
Country (United States) 3 of 3
Year (2015) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-14 Garden Protein International

Richmond, British Columbia, Canada

Garden Protein International, Inc. is a plant-based protein brand offering a variety of delicious, convenient and versatile foods. Gardein creates mouthwatering center-of-plate foods people love that deliver real meat taste, texture and nutrition with no cholesterol and less fat and calories than traditional proteins.

Buy CA$175M
Mergr

Product

Company

Legal