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New Deal


Announced

Completed

Saria completed the acquisition of Devro for $808m.

Financials

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Transaction Value£692m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA10.9x
Share Price Premium65%
One Off Charge-

Synopsis

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Saria, a manufacturer of quality products for animal nutrition, agriculture, aquaculture and industrial applications, completed the acquisition of Devro, a manufacturer of collagen products for the food industry, for $808m. “We are thrilled to have successfully completed the acquisition of Devro, which represents a strategic move towards expanding our product portfolio and strengthening our position in the global market. Devro has a fantastic reputation and brand, with a long history of innovation and excellence in the food industry. The addition of Devro’s expertise in collagen-based edible films and casings complements SARIA’s existing offerings and provides our customers with an even greater range of high-quality products. We look forward to working together to drive growth and innovation," Harald van Boxtel, Saria Chief Executive Officer.

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