Ebro Foods, S.A. acquired Tilda Limited from Hain Frozen Foods UK Limited to Ebro Foods, S.A. for approximately $340 million.
August 27, 2019
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Ebro Foods, S.A. (BME:EBRO) acquired Tilda Limited from Hain Frozen Foods UK Limited for approximately $340 million on August 28, 2019. The purchase price reflects an adjusted EBITDA multiple of 13.5x, based on estimated fiscal year 2019. Tilda reported net sales of $186.5 million for the year ending June, 2019. Hain Frozen Foods UK Limited expects to use a portion of the proceeds to pay down debt. Credit Suisse (UK) Limited acted as Financial advisor to Hain Frozen Foods UK in this deal. Bob Bishop, Jon Kenworthy, Tim Baumgartner, Ben Brown, Chloe Forster and Sarah Smith of DLA Group acted as legal advisors to The Hain Celestial Group, Inc..
Ebro Foods, S.A. (BME:EBRO) completed the acquisition of Tilda Limited from Hain Frozen Foods UK Limited on August 28, 2019.
Ebro Foods SA is a Spain-based company primarily engaged in the food industry. The Company's product portfolio includes rice, pasta, cereals and diet products, legumes, as well as organic food, among others. The Company is also involved in the production of soft drinks, pharmaceutical products, animal feeds and biofuels. It markets its products under a variety of brands, such as SOS, Brillante, La Cigala, La Fallera, Saludaes, American Beauty, San Giorgio, 3 Glocken, Skinner, Geovita and Vegetalia, among others. The Company operates through numerous subsidiaries, such as Herba Ricemills SL, Herba Nutricion SL, Panzani SAS, Dosbio 2010 SL, Riviana Foods Inc, Ebro Foods Alimentacion SA, Azucarera Energias SA, Pastificio Lucio Garofalo SpA and Roland Monterrat SA.
EBRO FOODS, S.A. 
