California Dairies, Inc.
About California Dairies, Inc.
Company overview
California Dairies, Inc. is a dairy cooperative established in 1999 through the merger of three California-based dairy cooperatives - California Milk Producers, Danish Creamery Association, and San Joaquin Valley Dairymen, with its headquarters located in Visalia, California. The cooperative is owned by nearly 300 independent family-owned dairy farms across the state, spanning from San Diego County to Sacramento County. Business/Product Breakdown California Dairies, Inc. operates as a milk marketing and processing cooperative, sourcing raw milk from its member farms and transforming it into dairy products at facilities located within 100 miles of the producers. The company manufactures butter, milk powders, nutritional powders, fluid milk, aseptic milk products, and cheese, supplying these items for private label retail, foodservice accounts, industrial applications, and export markets. Through its subsidiary Challenge Dairy Products, it produces salted and unsalted butter under the Challenge and Danish Creamery brands, primarily for foodservice and retail channels. DairyAmerica, another subsidiary, handles milk powder production, including nonfat dry milk, whole milk powder, skim milk powder, buttermilk powder, milk protein concentrate, and milk protein isolate, serving domestic and international customers in food and nutritional sectors across more than 60 countries. Los Banos Foods focuses on cheddar cheese production for foodservice and industrial use. The cooperative maintains processing plants throughout California to ensure milk is handled within 24 hours of arrival, supporting distribution to grocery stores, club stores, mass merchandisers, the U.S. military, and global trade partners.
Keywords
Revenue
EBITDA
Valuation
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenues | $380 MM | $250 MM | $90 MM | $120 MM | $65 MM |
| Gross Profit | $190 MM | $125 MM | $45 MM | $60 MM | $32.50 MM |
| Net Income (Loss) | $43 MM | $25 MM | $9 MM | $12 MM | $6.50 MM |
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total Assets | $850 MM | $720 MM | $680 MM | $650 MM | $600 MM |
| Total Liabilities | $450 MM | $400 MM | $380 MM | $350 MM | $320 MM |
| Total Equity | $400 MM | $320 MM | $300 MM | $300 MM | $280 MM |
Ratios
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
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