date:Oct 08, 2013
llars.
The 1 billion euro debt financing was equivalent to around 5 times Vion ingredients' earnings before interest, taxes, depreciation and amortization (EBITDA) of around 200 million euros.
Vion Ingredients is headquartered in the Netherlands. It employs 6,000 staff and produces gelatine, proteins and fats from slaughterhouse byproducts which are then sold to the pharmaceutical, cosmetics, food, feed, energy and technology sectors, according to Vion's website.
The deal is expected to close