What to make of Boulder Brands’ near-billion dollar acquisition
We write often of Colorado’s powerful craft food and beverage sector, but last week’s news of Pinnacle Foods acquisition of Boulder Brands for nearly a billion dollars was an eye-opener. The $975 million price tag, including $265 million in debt, is 29X net earnings (EBITDA), a staggering multiple, especially for a company that’s struggled lately […]
