December, 2024

As of Q3 2024, the median transaction value in Food and Beverage was $31 million. As of Q3 2024, strategic buyers accounted for 92% of transactions.

Select recent notable publicly announced M&A transactions:

–Danone North America Public Benefit Corporation announced its acquisition of Lifeway Foods for $290 million in September 2024.

–1-800-FLOWERS.COM closed its acquisition of Scharffen Berger Chocolate Maker for $3 million in August 2024.

–Alimentation Couche-Tard announced its acquisition of GetGo Café + Markets for $1.6 billion in August 2024.

–Mars announced its acquisition of Kellanova for $36.1 billion in August 2024.

–Performance Food Group Company closed its acquisition of Cheney Bros for $2.1 billion in August 2024.

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