FundComb
Confirmed Control (100%) Closed Transaction verified ConsumerFood & Beveragenatural and organic food products

Annie’s, Inc. acquired by General Mills, Inc.

General Mills, Inc. acquired Annie’s, Inc., a US natural and organic food products brand, on Oct 21, 2014.

Transaction summary

Target
Annie’s, Inc.
Seller
-
Announced
2014-09-08
Geography
United States
Type
Acquisition
Deal type
Control
Stake acquired
100%
First added
2026-10-04
Latest update
2026-10-21

Value and multiples

100% enterprise value

USD 820M

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

4.02x

Period: FY Ended March 31, 2014

Basis: Derived from source data

EV / EBITDA

-

EBITDA basis not stated

Basis: FundComb estimate

Amounts paid and other reported values

Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.

Consideration: USD 46

Announced cash consideration per share.

Basis

  • General Mills agreed to buy Annie’s for USD 46 a share in cash, a total transaction value of approximately USD 820m net of cash. Annie’s sales were approximately USD 204m in the fiscal year ended March 2014; USD 820m / USD 204m gives approximately 4.02x revenue. No reliable EBITDA figure is available.

Source summary

Annie’s to be Acquired by General Mills for $46 Per Share in Cash

Confirmed

for a total transaction value of approximately $820 million, net of cash.

Open source

General Mills Completes Annie's Acquisition

Confirmed

with Annie's surviving the merger as a wholly owned subsidiary of General Mills.

Open source

General Mills wraps up Annie’s acquisition

Confirmed

The company’s sales totaled $204 million in its fiscal year ended in March.

Open source

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