M&A Deal Summary

Vinamilk Acquires Driftwood

On August 10, 2016, Vinamilk acquired food company Driftwood from Marwit Capital

Acquisition Highlights
  • This is Vinamilk’s 1st transaction in the Food sector.
  • This is Vinamilk’s 1st transaction in the United States.
  • This is Vinamilk’s 1st transaction in California.

M&A Deal Summary

Date 2016-08-10
Target Driftwood
Sector Food
Buyer(s) Vinamilk
Sellers(s) Marwit Capital
Deal Type Add-on Acquisition

Target

Driftwood

El Monte, California, United States
Driftwood is a food processor, packager, and marketer of nutritious dairy and juice products sold to Schools, Healthcare Facilities, Foodservice, and diverse retail accounts. Driftwood was founded in 1920 and is based in El Monte, California.

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Buyer(S) 1

Buyer

Vinamilk

Ho Chi Minh, Vietnam

Category Company
Founded 1976
Sector Food
Employees9,794
DESCRIPTION

Vinamilk manufactures and distributes milk and dairy products. Vinamilk's portfolio includes soya milk, fresh milk, bottled milk, powdered milk, cakes products, and other products from milk. Vinamilk was founded in 1976 and is based in Ho Chi Minh, Vietnam.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Marwit Capital

Newport Beach, California, United States

Category Private Equity Firm
Founded 1962
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Marwit Capital Partners is a private equity group that targets West Coast based small company investments. Marwit generally invests $10 to $40 million of capital in businesses with $20 to $200 million of revenue. Marwit will consider both control and non-control situations. Prospective transactions include management buyouts, leveraged buyouts, corporate divestitures, recapitalizations, and expansion financings. Sectors of interest include manufacturing, business services, consumer products and services, healthcare services, food, food services, restaurants, and fanchising. Marwit is licensed as a SBIC. Marwit Capital was formed in 1962 and is based in Newport Beach, California.


DEAL STATS #
Overall 19 of 24
Sector: Food M&A 2 of 3
Type: Add-on Acquisition M&A Deals 7 of 10
State: California M&A 12 of 15
Country: United States M&A 18 of 23
Year: 2016 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-12 Western Emulsions

Tucson, Arizona, United States

Western Emulsions, Inc. is a manufacturer of asphalt-related pavement rejuvenation and resurfacing products and services in the Western United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-31 Promax Nutrition

Oakmont, Pennsylvania, United States

Promax Nutrition Corporation, through its brands Promax, Pure Bar, and Storm, is a leading developer and marketer of organic and protein bars and nutritional supplements sold through natural food, health & fitness, food, drug & mass, and specialty retail channels. Promax Nutrition was founded in 1996 and is based in Oakmont, Pennsylvania.

Sell -