M&A TRANSACTION · 2021
Dole Food Company / Total Produce Merger acquired by Total Produce (Merger to form Dole plc)
$1.80B· 25.6x EBITDA· 1.00x revenue
Target
Dole Food Company / Total Produce Merger
Ireland / United States
Combined fresh produce company with Dole brand
Acquirer
Total Produce (Merger to form Dole plc)
Strategic buyer
Disclosed financials at time of acquisition
Revenue
$9700.0M
EBITDA
$379.0M
Deal Value
$1.80B
EV/EBITDA
25.6x
Context
This $1.80B acquisition of Dole Food Company / Total Produce Merger by Total Produce (Merger to form Dole plc) sits in the food manufacturing sub-vertical. The 25.6x EBITDA multiple paid in 2021 can be compared against the population median for food manufacturing transactions of similar size on our Food Manufacturing valuation hub. Total Produce (Merger to form Dole plc) 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 Dole plc 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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