M&A Deal Summary

Sauer Brands Acquires Mateo s

On October 1, 2021, Sauer Brands acquired food company Mateo s

Acquisition Highlights
  • This is Sauer Brands’ 2nd transaction in the Food sector.
  • This is Sauer Brands’ 2nd transaction in the United States.
  • This is Sauer Brands’ 1st transaction in Texas.

M&A Deal Summary
Date 2021-10-01
Target Mateo s
Sector Food
Buyer(s) Sauer Brands
Deal Type Add-on Acquisition
Advisor(s) Brown Gibbons Lang (BGL) (Financial)

Target

Mateo s

Mansfield, Texas, United States
Mateo's is a supplier of branded, better-for-you (BFY) gourmet salsa. The company offers a diverse selection of salsas and drink mixes to the U.S. retail market. Mateo's was founded in Mansfield, Texas.

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Buyer(S) 1

Buyer

Sauer Brands

Richmond, Virginia, United States
Category Company
Founded 1887
Sector Food
DESCRIPTION

Sauer Brands manufactures a broad line of inspired flavors including condiments, spices, seasonings, and extracts. The company’s manufacturing facilities in Mauldin, South Carolina. New Century, Kansas, and San Luis Obispo, California, the company sells well-known brands such as Duke’s Mayonnaise, The Spice Hunter, Sauer’s, Gold Medal and BAMA, as well as high-quality private label products, through the retail and foodservice channels. Sauer Brands was founded 1887 and is based Richmond, virginia.

DEAL STATS #
Overall 2 of 2
Sector (Food) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-05 Kernel Season s

Elk Grove Village, Illinois, United States

Kernel’s product portfolio includes more than a dozen popcorn flavors, ranging from simple butter and white cheddar to garlic parmesan and cheesy caramel corn, as well as popcorn oils and drizzles. The Company’s products are sold in more than 22,000 retailers, including mass merchants, grocery and specialty stores, throughout North America and internationally. The products also can be found in movie theaters in more than 30 countries worldwide, accounting for over 32,000 screens. Kernel Season's was formed in 1999 and is based in Elk Grove Village, Illinois.

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