M&A activity in the food and beverage industry slowed slightly in Q3 2023.
Food and beverage transaction volume continue to remain below 2022 levels, however strong deal volume in the retail and distribution segment provided a boost to the total transaction volume in the space.
- 105 M&A transactions announced, with 93 strategic buyers and 12 financial buyers.
- Retail and distribution was the most acquisitive segment, followed by packaged foods, then beverage businesses.
- Acquisitions of packaged food businesses slowed in Q3 but continue to be a driver of volume in the industry. These businesses include producers of pasta, snack products, pet food, and more.
- Q3 2023 had 11 publicly disclosed transactions, with 11 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.