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New Deal


Announced

Hilton Food to acquire Dutch Seafood Company for $102m.

Financials

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Transaction Value£77m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA9x
Share Price Premium-
One Off Charge-

Tags

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Majority

Private

Acquisition

Cross Border

Food Products

shrimps

salmon

seafood

Netherlands

Pending

Friendly

Single Bidder

Synopsis

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Hilton Food, a firm engaged in the specialist retail meat-packing business supplying international food retailers, agreed to acquire Dutch Seafood Company, a producer and distributor of smoked salmon and shrimp, for $102m. "The acquisition of Foppen is an exceptional opportunity for Hilton and another step towards our goal of becoming the global protein partner of choice. More and more consumers around the world are seeking affordable, high quality, and sustainable protein, and this acquisition will help Hilton take our offer into new markets and to new global customers for the first time," Philip Heffer, Hilton CEO.

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