This article is sponsored and written by CohnReznick.
Transaction activity in the food and beverage space in Q2 2023 was relatively flat as compared to Q1 2023. Still, some significant food and beverage transactions have already occurred in 2023; Post Holdings’ acquisition of The J.M. Smucker Co. and Kohlberg Kravis Roberts’ sale of a 7.03% stake in US Foods are the two largest transactions ($1.2 billion and $695.3 million, respectively). The top investors in the food and beverage space for Q2 included SOSV, E & J Gallo Winery, and FairWave. Meanwhile, buyers are starting to push back as demand and supply stabilizes.
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Contact:
Helana Robbins Huddleston, CPA, CIRA,
Partner, Manufacturing and Distribution Industry – Co-Leader
Transaction Advisory Services
312.508.5813
helana.robbins@cohnreznick.com
Henrietta Fuchs, CPA,
Partner, Manufacturing and Distribution Industry – Co-Leader
646.762.3432
henrietta.fuchs@cohnreznick.com
