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Food and Beverage transactions are down 24% on a Q2 2023 YTD basis compared to 2022.

Packaged foods, snack foods, and meat processing continue to be active segments for M&A transactions as several larger transactions occurred in the packaged foods segment.

  • 113 M&A transactions announced, with 90 strategic buyers and 23 financial buyers.
  • Packaged foods was the most acquisitive segment, followed by beverages, then retail and distribution businesses.
  • Agricultural business saw the largest decrease in transaction volume. These included producers of granola, citrus fruits, mango trees, and other agricultural products.
  • Q2 2023 had 16 publicly disclosed transactions, with 12 of them 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 key features driving value in M&A transactions.

Bill Farrell
Managing Director, Toronto

Hugh Notman
Managing Director, Vancouver

Food & Beverage Industry Review Q2 2023

Food & Beverage Industry Review Q2 2023