M&A activity in the food and beverage industry was sluggish in Q4 2023.
Food and beverage transaction volume finished 2023 below 2022 levels across most categories. However strong deal volume in the packaged foods segment contributed significantly to the total volume in 2023.
- 82 M&A transactions announced, with 66 strategic buyers and 16 financial buyers.
- Packaged foods were the most acquisitive segment, followed by retail and distribution, then beverage businesses.
- Acquisitions of retail and distribution business slowed compared to the prior quarter but continue to remain one of the main drivers of transaction volume in the industry. These businesses include convenience stores, other chains, and distributors of a wide array of food products.
- Q4 2023 had 8 publicly disclosed transactions, with 2 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
bfarrel@cccinvestmentbanking.
Hugh Notman
Managing Director, Vancouver
hnotman@cccinvestmentbanking.
Food & Beverage Industry Review Q4 2023
