M&A Deal Summary

Platinum Equity Acquires Horizon Organic

On January 2, 2024, private equity firm Platinum Equity acquired food company Horizon Organic from Danone

Acquisition Highlights
  • This is Platinum Equity’s 3rd transaction in the Food sector.
  • This is Platinum Equity’s 110th transaction in the United States.
  • This is Platinum Equity’s 3rd transaction in Colorado.

M&A Deal Summary

Date 2024-01-02
Target Horizon Organic
Sector Food
Buyer(s) Platinum Equity
Sellers(s) Danone
Deal Type Divestiture

Target

Horizon Organic

Broomfield, Colorado, United States
Horizon Organic is a brand of certified organic foods in the United States and a brand of certified organic milk in both the United States and the United Kingdom. Horizon Organic is based in Broomfield, Colorado.

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Buyer(S) 1

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 138 of 150
Sector (Food) 3 of 6
Type (Divestiture) 59 of 59
State (Colorado) 3 of 3
Country (United States) 110 of 118
Year (2024) 1 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-06 Kohler Energy

Kohler, Wisconsin, United States

Kohler Energy is a distributor of energy solutions, that brings bold design and powerful impact to the energy systems to sustain people and communities everywhere around the world. Leveraging the strength of its portfolio of brands – Power Systems, Home Energy, Kohler Uninterruptible Power, Clarke Energy, Heila Technologies, Curtis Instruments, and Engines, and more than a century of industry leadership, the company builds resilience when the grid cannot and goes beyond functional, individual recovery to create better lives and communities. Kohler Energy is based in Kohler, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 ASB

Grovetown, Georgia, United States

ASB is a designer, manufacturer, and distributor of athletic-oriented apparel, team uniforms, sportswear and related accessories. ASB was founded in 1977 and is based in Grovetown, Georgia.

Buy -

Seller(S) 1

SELLER

Danone

Paris, France

Category Company
Founded 1899
Sector Food
Employees88,843
Revenue 27.6B EUR (2023)
DESCRIPTION

Danone is a food & beverage company built on four businesses: Essential Dairy and Plant-Based Products, Waters, Early Life Nutrition, and Medical Nutrition. Danone was founded in 1899 and is based in Paris, France.


DEAL STATS #
Overall 14 of 14
Sector (Food) 8 of 8
Type (Divestiture) 14 of 14
State (Colorado) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 Aqua d’Or

Brande,, Denmark

Aqua d'or engages in the production and sale of still bottled water segment with a market share of 50% in value in Denmark. Aqua d'or was formed in 1988 and is based in Brande, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-01 Functional Formularies

Wilmington, Ohio, United States

Functional Formularies is a producer of organic, whole food, shelf-stable feeding tube formulas. The Company offers unique, organic, and whole food alternatives to traditional feeding tube formulas. Liquid Hope and Nourish are nutritionally complete, plant-based, and USDA-certified organic. Functional Formularies was founded in 2006 and is based in Wilmington, Ohio.

Buy -