March, 2024

For 2023, the median transaction value in Food and Beverage was $29 million. For 2023, strategic buyers accounted for 91% of transactions.

Select recent notable publicly announced M&A transactions:

–Chobani closed its acquisition of La Colombe Torrefaction for $900 million in December 2023.

–The Duckhorn Portfolio announced its acquisition of Sonoma-Cutrer Vineyards for $391 million in November 2023.

–Seneca Foods Corporation closed its acquisition of B&G Foods (Shelf stable vegetable product line) for $56 million in November 2023.

–Treasury Wine Estates Limited closed its acquisition of Daou Vineyards for $1.0 billion in October 2023.

–Nature’s Touch Frozen Foods closed its acquisition of Sunrise Growers (Certain assets) for $141 million in October 2023.

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