Earthbound Farm Organic, the largest grower of organic produce in the United States, is exploring a sale of the company, according to four sources familiar with the matter.
The San Juan Bautista, California-based company, whose investors include private equity firm Kainos Capital, has hired Barclays to sell the company in a deal that could be worth $600 million to $700 million, the sources said on Monday.
The sale process is in the early stages, the sources said. The company has roughly $75 million in annual earnings before interest, taxes, depreciation and amortization (EBITDA), the sources said.
In 2012, revenue topped $460 million, according to Moody's.
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