Saratoga Food Specialties LLC Asset Profile

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Year established

1947

Location

IL US

Primary Industry

Food

About

Based in Illinois, US, and founded in 1947, Saratoga Food Specialties LLC operates as a food company. In October 2022, Solina Group SAS, a portfolio company of Astorg, agreed to acquire Saratoga Food Specialties LLC from Smithfield Foods for USD 587.5 million. The regulatory approval process is underway, and the transaction is expected to close at the end of October 2022. As of 2022, the company’s president is Michael Marks, and it has more than 500 employees. Saratoga manufactures and markets various seasoning products, including dry seasoning blends, sauces, dressings, and glazes. It also offers packaging products such as a 330-gal tote and a 55-gal drum. As of 2022, the company has three offices that are in California, Nevada, and Illinois. As of 2022, the company generated sales of USD 280 million.

Current Investors

Solina Group SAS

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Primary Industry

Food

Sub Industries

Other Food Products, Packaging

Website

www.saratogafs.com

Verticals

Manufacturing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Deals

Deals Type
Add-on

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Saratoga Food Specialties LLC	04 Oct 2022

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