Food and Beverage Q2 2023 Industry Update

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.