What did Hormel Foods pay for Planters Snack Nuts?

Hormel Foods acquired Planters Snack Nuts for $3.35B in 2021 (12.5x EBITDA), equivalent to 2.80x revenue. Target revenue was approximately $1000.0M. Target EBITDA was approximately $223.0M.

What multiple did Hormel Foods pay for Planters Snack Nuts?

12.5x EBITDA and 2.80x revenue, based on disclosed deal value of $3.35B and disclosed financials.

M&A TRANSACTION · 2021

Planters Snack Nuts acquired by Hormel Foods

$3.35B· 12.5x EBITDA· 2.80x revenue

Target

Planters Snack Nuts

Iconic nut snacks brand with Planters, NUT-rition, Corn Nuts

Acquirer

Hormel Foods

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$1000.0M

EBITDA

$223.0M

Deal Value

$3.35B

EV/EBITDA

12.5x

Context

This $3.35B acquisition of Planters Snack Nuts by Hormel Foods sits in the food manufacturing sub-vertical. The 12.5x 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. Hormel 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 Hormel 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. (2021). Planters Snack Nuts acquired by Hormel Foods. https://exitvalue.ai/deals/planters-snack-nuts-acquired-by-hormel-foods-food-beverag