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Posted: Nov 08, 2010
UPPER SADDLE RIVER, NJ (November 8, 2010) - The Food Institute continues to explore merger and acquisition activity within the food sector as the record pace remains strong well into the 4th quarter of 2010. Several noteworthy trends have appeared as a result of this heightened activity. A strong increase in mergers within the Food Processors category as multi-product processors experienced the largest share in volume, and as fruit and vegetable processors doubled their totals. A commanding presence of investment firms and banks within the food industry has also been noted, as we have observed activity from these types of organizations in 14 transactions within the last three months. As investment firms and banks look to become a force in the food industry, we find that some companies may actually be better off as a privately held entity. Burger King Holdings, Inc. was recently acquired by 3G Capital. As Burger King Chairman John Chidsey indicated to investors, "We look forward to partnering with 3G Capital, whose proven track record as an investor, together with its financial and consumer brands experience, will serve to further strengthen the company, our restaurants and franchisees worldwide."
The recent purchase of American Italian Pasta Company by Ralcorp Holdings, Inc. marks a significant food processor acquisition. As stated by Ralcorp's Co-Chief Executive Officer & President, David P. Skarie, "through this acquisition, we have gained a complementary business and we intend to continue to invest in the combined businesses for sustainable and profitable growth." This trend continued into the snack segment with the July announcement that Lance, Inc, and Snyder's of Hanover, Inc. will merge their two leading snack food companies and emerge with a commanding presence in the salty snack field. "This historic transaction, based on initiatives that have been in the works for the past few years, have positioned us for this opportunity", declared Snyder's Chairman Michael A. Warehime. Many in the food industry echo thoughts of consolidating businesses and exploring opportunities, whenever available.
Food Institute members have the opportunity to explore all mergers and acquisitions through our members-only database on the Food Institute website. Additionally, the Food Institute markets an annual publication, Food Business Mergers & Acquisitions, which provides a comprehensive look into the significant deals of the year. This publication provides an analysis on the current deals and their anticipated effect on the food industry as a whole. For more information or to order the most recent version, please visit http://www.foodinstitute.com/manda.cfm
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