M&A Deal Summary

Post Holdings Acquires Almark Foods

On December 14, 2020, Post Holdings acquired food company Almark Foods from AGR Partners

Acquisition Highlights
  • This is Post Holdings’ 10th transaction in the Food sector.
  • This is Post Holdings’ 11th transaction in the United States.
  • This is Post Holdings’ 2nd transaction in Georgia.

M&A Deal Summary
Date 2020-12-14
Target Almark Foods
Sector Food
Buyer(s) Post Holdings
Sellers(s) AGR Partners
Deal Type Add-on Acquisition

Target

Almark Foods

Gainesville, Georgia, United States
Almark Foods is a provider of hard-boiled, peeled eggs to retailers, convenience stores, restaurant chains, and salad manufacturers nationwide. Almark produces a variety of egg products including peeled and ready-to-eat hard-cooked eggs, frozen diced eggs, deviled egg kits, and colored Easter eggs. Almark Foods was founded in 1979 and is based in Gainesville, Georgia.

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Buyer(S) 1

Buyer

Post Holdings

St. Louis, Missouri, United States
Category Company
Founded 1895
Sector Food
Employees10,420
Revenue 7.0B USD (2023)
DESCRIPTION
Post Holdings' corporate headquarters in St. Louis, Missouri.
Post Holdings' corporate headquarters in St. Louis, Missouri.

Post Holdings is a consumer packaged goods holding company, operating in the center-of-the-store, foodservice, ingredient, refrigerated, active nutrition and private label food categories. Post Holdings was founded in 1895 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 14 of 16
Sector (Food) 10 of 12
Type (Add-on Acquisition) 10 of 11
State (Georgia) 2 of 2
Country (United States) 11 of 13
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Peter Pan

Chicago, Illinois, United States

Peter Pan is an operator of a nationally recognized food brand with a 100-year-old history and a diversified customer base across key channels. Peter Pan is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 TreeHouse Foods - Ready-to-Eat Cereal Business

Oak Brook, Illinois, United States

TreeHouse Foods' Ready-to-Eat Cereal Business with facilities located in Lancaster, Ohio, and Sparks, Nevada, which features a wide range of production capabilities across batch and extruded products, a research and development facility located in Sauget, Illinois.

Buy $85M

Seller(S) 1

SELLER

AGR Partners

Category Private Equity Firm
Founded 2012
Size Middle-Market
Type Sector Focused
DESCRIPTION

AGR Partners is a private investment firm focused on equity and junior capital investments in the agriculture and food sectors. Specific areas of interest include agribusinesses and food companies in the traditional value chain, companies focused on healthy living products: superfoods and nutraceuticals, and higher growth sectors including vegetable and animal based protein, including seafood companies. AGR looks to invest $15 to $100 million to support a variety of transaction types, including growth capital financings, acquisition capital, privatizations, and special situations. AGR Partners was established in 2012 and is headquartered in Visalia, California.

DEAL STATS #
Overall 3 of 4
Sector (Food) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Georgia) 1 of 1
Country (United States) 2 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-31 3D Corporate Solutions

Monett, Missouri, United States

3D Corporate Solutions is a provider of pet food ingredients. The company develops, processes, distributes and sells a variety of products using chicken, turkey, beef, lamb, and various other protein sources. 3D Corporate Solutions was founded in 2002 and is based in Monett, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Vintage Wine Estates

Incline Village, Nevada, United States

Vintage Wine Estates is a family of wineries and wines whose singular focus is producing the finest quality wines and incredible customer experiences with wineries throughout Napa, Sonoma, California’s Central Coast, Oregon and Washington State. Since its founding 20 years ago, the Company has become a top 15 U.S. wine producer via organic and acquisitive growth, today selling more than 2 million nine-liter equivalent cases annually. Vintage Wine Estates was incorporated in 2019 and is based in Incline Village, Nevada.

Sell -
Mergr

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