Industry Update: CPG Food & Beverage
VRC is proud to release its latest Industry Report. The report provides a concise, insightful update on the Consumer Product Goods – Food & Beverage industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
- On March 25, 2021, General Mills, Inc. announced it has entered into a definitive agreement to sell its 51% controlling interest in Yoplait S.A.S. to French cooperative Sodiaal in exchange for full ownership of the Canadian Yoplait business and a reduced royalty rate for use of the Yoplait and Liberté brands in the US and Canada.
- On February 22, 2021, The Kraft Heinz Company entered into a definitive agreement to sell its nuts business to Hormel Foods Corp. in a cash transaction for $3.35 billion. The deal includes most products sold under the Planters brand, including single variety and mixed nuts, trail mix, cheese curls, in addition to the global intellectual property rights to the Planters and Corn Nuts brands.
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