What did Tyson Foods pay for Keystone Foods?

Tyson Foods acquired Keystone Foods for $2.16B in 2018 (10.2x EBITDA), equivalent to 0.90x revenue. Target revenue was approximately $2500.0M. Target EBITDA was approximately $211.0M.

What multiple did Tyson Foods pay for Keystone Foods?

10.2x EBITDA and 0.90x revenue, based on disclosed deal value of $2.16B and disclosed financials.

M&A TRANSACTION · 2018

Keystone Foods acquired by Tyson Foods

$2.16B· 10.2x EBITDA· 0.90x revenue

Target

Keystone Foods

West Chester, Pennsylvania

Protein supplier to McDonald's and other QSR chains

Acquirer

Tyson Foods

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$2500.0M

EBITDA

$211.0M

Deal Value

$2.16B

EV/EBITDA

10.2x

Context

This $2.16B acquisition of Keystone Foods by Tyson Foods sits in the food manufacturing sub-vertical. The 10.2x EBITDA multiple paid in 2018 can be compared against the population median for food manufacturing transactions of similar size on our Food Manufacturing valuation hub. Tyson Foods 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 Tyson Foods 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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Citation: ExitValue.ai. (2018). Keystone Foods acquired by Tyson Foods. https://exitvalue.ai/deals/keystone-foods-acquired-by-tyson-foods-food-beverag