Amplify Snack Brands, Inc. acquired by The Hershey Company
The Hershey Company acquired Amplify Snack Brands, Inc., a US snacks; ready to eat popcorn and better for you snack foods brand, on Jan 31, 2018.
Transaction summary
- Target
- Amplify Snack Brands, Inc.
- Acquirer
- The Hershey Company
- Seller
- -
- Announced
- 2017-12-18
- Geography
- United States
- Tags
- better for youConsumerFood & Beveragepopcornready to eat popcorn and better for you snack foodsSnacks
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 100%
- First added
- 2026-10-04
- Latest update
- 2026-10-18
Value and multiples
100% enterprise value
USD 1.6B
100% enterprise value | USD
Basis: Public source
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
4.3x
Period: 12 Months Ended September 30, 2017
Basis: Derived from source data
EV / EBITDA
18.8x
EBITDA: normalised / adjusted
Basis: Derived from source data
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: USD 908M
Approximately USD 908 million paid for Amplify shares at closing; separate from approximately USD 607 million paid to repay Amplify obligations.
Basis
- US$1.6bn EV / US$372m LTM revenue gives 4.30x. FY2017 adjusted EBITDA guidance was US$84–86m; the US$85m midpoint gives 18.82x EV/EBITDA. Hershey’s reported 14.8x includes synergies and tax benefits.
Other reviewed estimates
Earlier estimates and their sources.
Source summary
Hershey Enters into Agreement to Acquire Amplify Snack Brands, Inc.
Confirmedvalued at approximately $1.6 billion, including net debt
Open sourceThe Hershey Company Form 8-K: completion of Amplify acquisition
ConfirmedHershey paid an aggregate consideration of approximately $908 million for the Shares
Open sourceHershey Completes Tender Offer for All Outstanding Shares of Amplify Snack Brands, Inc.
ConfirmedAmplify will become a wholly owned subsidiary of Hershey
Open sourceHershey conference call on the Amplify acquisition
ConfirmedFor the 12 months ended September 30, Amplify generated net sales of $372 million.
Open sourceContinue your research
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