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.
Read the full report: Consumer Product Goods – Food & Beverage: October 2020
October 2020 Industry Highlights
- On September 15, 2020, Groupe Lactalis S.A. entered into a definitive agreement to acquire Natural Cheese Business from The Kraft Heinz Company for $3.2 billion. The transaction includes Kraft Heinz’s Natural, Grated, Cultured and Specialty cheese businesses in the U.S., Grated cheese business in Canada, and the entire International Cheese business outside these two countries and is expected to close in the first half of 2021.
- On September 29, 2020, Utz Brands agreed to acquire assets of the H.K. Anderson filled pretzel brand from Conagra Brands for a purchase price of approximately $10 million. The U.S. snack maker says that the transaction will be made through its Utz Quality Foods subsidiary and funded from current cash on hand.
- Read the full October 2020 CPG Food & Beverage industry report.
Past Industry Updates: