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.

Industry Highlights

  • Mondelēz International, Inc. acquired Clif Bar & Company, leading U.S. maker of nutritious energy bars with organic ingredients, for $2.9 billion with additional contingent earnout consideration. The acquisition of leading on-trend brands CLIF®, LUNA® and CLIF Kid® expands Mondelēz International’s global snack bar business to more than $1 billion, including its complementary and leading refrigerated snacking business Perfect Snacks in the U.S. and leading  performance nutrition business Grenade in the U.K. This acquisition also  advances the company’s strategy to reshape its portfolio to sustain higher long-term growth.
  • On June 22, 2022 General Mills acquired TNT Crust. TNT Crust is a manufacturer of high-quality frozen pizza crusts for regional and national pizza chains, foodservice distributors, and retail outlets. TNT Crust was a portfolio company of Peak Rock Capital and had approximately $100 million in net sales for 2021.

Past Industry Updates

CPG Food & Beverage: February 2022

CPG Food & Beverage: October 2021

CPG Food & Beverage: July 2021

CPG Food & Beverage: May 2021

CPG Food & Beverage: January 2021

CPG Food & Beverage: October 2020

CPG Food & Beverage: July 2020

CPG Food & Beverage: May 2020

CPG Food & Beverage: December 2019

CPG Food & Beverage: October 2019

CPG Food & Beverage: March 2019

CPG Food & Beverage: July 2017

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