Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Tine acquires US-based Lotito Food Holding for USD 28m
December 17, 2018

Norwegian dairy company Tine, that primarily produces cheese, has acquired a majority stake in the US-based food service company Lotito Food Holding for USD 28m. Lotito reported a turnover of USD 78m and an EBIT of USD 4.3m, corresponding to an EV/EBIT multiple of 11.4x.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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