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

• On November 8, 2023, B&G Foods Inc. announced that it sold its Green Giant U.S. shelf-stable vegetable product line to Seneca Foods Corporation for approximately $55.6 million. B&G Foods, which will retain ownership of the Green Giant trademarks, will license the Green Giant brand name to Seneca Foods. The sale does not include Green Giant frozen, Green Giant Canada, or the Le Sueur brand.
• On December 18, 2023, ADM, a global leader in human and animal nutrition, announced it is adding to its flavors capabilities with an agreement to acquire Revela Foods, a Wisconsin-based developer and manufacturer of innovative dairy flavor ingredients and solutions.

Past Industry Updates

CPG Food & Beverage: October 2023

CPG Food & Beverage: June 2023

CPG Food & Beverage: February 2023