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M&A activity in the food and beverage industry rebounded after a sluggish finish to 2023.

Food and beverage transaction volume opened the year similarly to the year prior.

  • 94 M&A transactions were announced, with 74 of those transactions involving acquisitions made by active strategic players, while the remaining 20 involved a financial buyer.
  • Packaged foods continue it’s run as the most acquisitive segment after strong performance in 2023. Retail and distribution and beverage businesses were the next two largest segments.
  • Acquisitions of retail and distribution businesses picked up in Q1 as several distributors and retailers of grocery products were acquired in the quarter.
  • Q1 2024 had 15 publicly disclosed transactions with 7 of those being below US$50M in value.

Please reach out to the Food and Beverage leads to discuss the latest trends impacting this business segment and the key features driving value in M&A transactions.

Bill Farrell
Managing Director, Toronto

Hugh Notman
Managing Director, Vancouver

Food & Beverage Industry Review Q1 2024

Food & Beverage Industry Review Q1 2024