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Greencore to acquire Marketfare Foods for $36m
date:Apr 23, 2012
7-Eleven stores in the Mid-Atlantic region.
In addition, Marketfare Foods is an exclusive manufacturer of Casa Buena Cheese and Chili sauces for the entire 7-Eleven chain in the US and Canada. For the year ended 27 January 2012, Marketfare reported revenue of $65m, while EBITDA was $5.7m.
The consideration of $36m is on a debt-free, cash-free basis with a normalised level of working capital. Greencore plans to fund the transaction from existing debt facilities.
The transaction is expected to co

12/16 23:01