M&A TRANSACTION · 2022
Clif Bar & Company acquired by Mondelez International
$2.90B· 36.3x EBITDA· 3.60x revenue
Target
Clif Bar & Company
Emeryville, California
Leading US energy bar maker with Clif Bar, Luna, Clif Kid brands
Acquirer
Mondelez International
Strategic buyer
Disclosed financials at time of acquisition
Revenue
$800.0M
EBITDA
$80.0M
Deal Value
$2.90B
EV/EBITDA
36.3x
Context
This $2.90B acquisition of Clif Bar & Company by Mondelez International sits in the food manufacturing sub-vertical. The 36.3x EBITDA multiple paid in 2022 can be compared against the population median for food manufacturing transactions of similar size on our Food Manufacturing valuation hub. Mondelez International is acquiring as a strategic buyer; see how strategic acquirers typically price food manufacturing businesses on our Food Manufacturing strategic buyer-pool page.
Source
Data sourced from Mondelez Press Release — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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