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.
Industry Highlights
- On December 15, 2021, The J.M. Smucker Co. announced it entered into a definitive agreement to sell its natural and organic beverage and grains businesses to Nexus Capital Management LP in a cash transaction valued at approximately $110 million. The sale includes R.W. Knudsen® and TruRoots® assets and trademarks, and a licensing agreement for Santa Cruz Organic® beverages.
- On November 10, 2021, The Hershey Company entered into a definitive agreement to acquire Dot’s Pretzels, LLC. In a similar transaction, Hershey also announced that it has entered into a definitive agreement to acquire Pretzels Inc. from an affiliate of Peak Rock Capital, a private investment firm with investments in the food and beverage industry. The total purchase price for these two proposed acquisitions is approximately $1.2 billion.
Past Industry Updates
CPG Food & Beverage: October 2021
CPG Food & Beverage: July 2021
CPG Food & Beverage: January 2021
CPG Food & Beverage: October 2020
CPG Food & Beverage: July 2020
CPG Food & Beverage: December 2019
CPG Food & Beverage: October 2019