Food and Beverage Deals
Food and beverage deals expected to pick up pace in 2017
NEW YORK — While the past year was relatively lackluster for mergers and acquisitions in the food and beverage sector, the year ahead is expected to bring a rebound, said Anthony Valentino, deputy editor of Mergermarket, a mergers and acquisitions intelligence service.
“Last year wasn’t a bad year, by any means,” Mr. Valentino told Food Business News. “We had such a torrid pace the prior couple years, and I think people expected that run to continue, which was why it was so surprising.”
In 2016, there were about 600 food and beverage deals worth a total of $56.6 billion, according to a new report from Mergermarket. This compared to roughly the same number of deals totaling $119.3 billion in 2015, including the $54.5 billion mega-merger of Kraft Foods and H.J. Heinz Co.