August, 2023

In Q2 2023, the median transaction value in Food and Beverage was $23 million. In Q1 2023, strategic buyers accounted for 92% of transactions.

Select recent notable publicly announced M&A transactions:

– An undisclosed buyer announced its acquisition of Whole Earth Brands for $592 million in June 2023.

– Luxco closed its acquisition of Penelope Bourbon for $216 million in June 2023.

– An undisclosed buyer announced its acquisition of Jetro Holdings for $1.4 billion in May 2023.

– Flagstone Foods closed its acquisition of Emerald Nuts (Campbell Soup Company) for $40 million in May 2023.

– The Duckhorn Portfolio closed its acquisition of Winery and Planted Vineyards for $55 million in May 2023.

    Download Report