M&A Deal Summary

The Hillshire Brands Acquires Van s International Foods

On May 15, 2014, The Hillshire Brands acquired food company Van s International Foods from Healthy Food Holdings for 165M USD

Acquisition Highlights
  • This is The Hillshire Brands’ 2nd transaction in the Food sector.
  • This is The Hillshire Brands’ largest (disclosed) transaction.
  • This is The Hillshire Brands’ 2nd transaction in the United States.
  • This is The Hillshire Brands’ 1st transaction in Arizona.

M&A Deal Summary
Date 2014-05-15
Target Van s International Foods
Sector Food
Buyer(s) The Hillshire Brands
Sellers(s) Healthy Food Holdings
Deal Type Divestiture
Deal Value 165M USD
Advisor(s) Houlihan Lokey (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

Van s International Foods

Phoenix,, Arizona, United States
Van's International Foods, Inc. (DBA Van's Natural Foods) is a provider of gluten-free and allergy-friendly, frozen breakfast and snack foods including waffles, pancakes, cereal, crackers and snack bars.

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Buyer(S) 1

Buyer

The Hillshire Brands

Chicago, Illinois, United States
Category Company
Founded 1939
Sector Food
Employees9,100
Revenue 3.9B USD (2013)
DESCRIPTION

The Hillshire Brands Company manufactures and markets meat-centric food solutions worldwide. It operates in two segments, Retail and Foodservice/Other.

DEAL STATS #
Overall 2 of 2
Sector (Food) 2 of 2
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 2 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-03 Golden Island Jerky

Rancho Cucamonga, California, United States

Golden Island Jerky Co. manufacturer of premium gourmet jerky products. A third-generation, family-owned business with more than 60 years of specialty meat experience, Golden Island produces more than 20 gourmet varieties, inspired by bold and exotic flavors from around the world. Using a proprietary cooking and marinating process that’s been perfected over the last six decades.

Buy -

Seller(S) 1

SELLER

Healthy Food Holdings

Boulder, Colorado, United States
Category Company
Founded 2004
Sector Food
DESCRIPTION

Healthy Food Holdings is a management holding company for branded, "better-for-you" foods. Healthy Food Holdings makes strategic investments in high-quality food and beverage companies focused on healthy, natural and organic products. Healthy Food Holdings acquired YoCrunch in 2005, Van's Foods in 2006 and CoolBrands in 2007. Healthy Food Holdings was founded in 2004 and is based in Boulder, Colorado.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-28 Van s International Foods

Phoenix,, Arizona, United States

Van's International Foods, Inc. (DBA Van's Natural Foods) is a provider of gluten-free and allergy-friendly, frozen breakfast and snack foods including waffles, pancakes, cereal, crackers and snack bars.

Buy -
Mergr

Product

Company

Legal