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 July 6, 2021, General Mills announced that it completed the acquisition of Tyson Foods’ pet treats business for $1.2 billion in cash. The business, which includes the Nudges, Top Chews, and True Chews brands, is the leader in natural meat treats for pets. Tyson Foods’ pet treats portfolio generated more than $240 million in net sales in the 12 months ended April 3, 2021. As part of the acquisition, General Mills also acquired a manufacturing facility in Independence, Iowa.
- On June 1, 2021, Post Holdings, Inc., a consumer packaged goods holding company, announced that it has acquired the ready-to-eat cereal business
of TreeHouse Foods for $85 million. The acquisition includes two facilities
which feature a wide range of production capabilities across batch and
extruded products, a research and development facility as well as inventory
valued at approximately $30 million.
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