Ready Pac Produce, Inc

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Ready Pac Produce, Inc - overview

Established

1969

Location

Irwindale, CA, US

Primary Industry

Food

About

Ready Pac Produce, Inc specializes in delivering convenient, plant-based, ready-to-eat meal solutions aimed at health-conscious consumers, enhancing meal preparation with flavorful options. Founded in 1969 and headquartered in Irwindale, US, Ready Pac Produce, Inc is engaged in providing fresh meal solutions. The company was acquired by The Bonduelle Group in March 2017 for USD 409 mn, following a deal announced on February 24, 2017. It has successfully conducted a total of 2 deals to date.


Ready Pac focuses on providing convenient, plant-rich, ready-to-eat meal solutions primarily through its Bistro Bowls. These products cater to health-conscious consumers and include chef-tested recipes such as Chicken & Guacamole Bowls and Fancy Parisian Wraps. The Bistro Bowls are designed for quick preparation, ensuring freshness and quality while targeting busy professionals and families. Ready Pac's products are widely distributed across the United States and Canada.


In the most recent financial year, Ready Pac generated a revenue of USD 700,000,000. Ready Pac plans to leverage recent funding from The Bonduelle Group, which acquired the company in March 2017 for USD 409 mn, to expand its product offerings and geographical reach. The company is actively exploring new meal solutions, although specific product launches and release dates have not been disclosed. Expansion into additional markets is anticipated, focusing on increasing accessibility in both North America and potentially overseas in the coming years.


Primary Industry

Food

Sub Industries

Canned/Frozen Fruit & Vegetables, Health Foods & Nutritional Supplements, Food & Beverage Distribution

Website

www.readypac.com

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Ready Pac Produce, Inc - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedReady Pac Produce, Inc-
GrowthCompletedReady Pac Produce, Inc-

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