2025年春季食品与饮料市场并购监测报告

COMMENTARY Food & Beverage Transaction Activity Investment Banking Commentary In 2024, a total of 347 M&A transactions were closed in the U.S. Food &Beverage industry, representing a modest 8.4% increase in volume over 2023. With the global non-alcoholic beverage market size projected to double overthe next decade, there have been several recent headline-grabbing transactionannouncementsin the category.These include PepsiCo’s announcedacquisition of Poppi, Celsius’ acquisition of Alani Nu, Molson Coors’ majority Aconsistent staple of the American diet and generally insulated fromeconomic cycles, the highly fragmented baked goods category continues toattractstrong interest,particularly from private equity investors.Recenttransaction examples include One Equity Partners’ announced acquisition of Food & Beverage contract manufacturing companies also remain attractivetargets for acquirers seeking to add production capabilities, enter high-growthproductcategories,and diversify customer bases.Recent transactionexamples include Falfurrias’ acquisition of Snak King, TruFood and Bar Bakers’ As is typically the case during the first 100 days of a new administration,transaction volume has been somewhat muted to begin 2025. However, oncethe dust settles from President Trump’s newly implemented tariff policies COMMENTARY Notable Recent M&A Transactions has agreed to beacquired by On March 17, 2025, PepsiCo announced that it has entered into a definitive agreement toacquire Poppi, a fast-growing prebiotic soda brand, for $1.95 billion. On February 21, 2025, Flowers Foods completed the acquisition of Simple Mills for $795million. Established in 2015 by a husband-and-wife duo, Poppi is a fast-growing functional sodabrand that combines prebiotics, fruit juice, and apple cider vinegar to create a deliciously Simple Mills is a market-leading natural brand offering premium better-for-you crackers,cookies, snack bars, and baking mixes. The brand’s products are available nationwide across "As we look to reorient our portfolio offerings to address white space consumer needs, thePoppi brand's unique intersection with wellness and culture is a perfect addition to ourportfolio," said Ram Krishnan, CEO, PepsiCo Beverages U.S. "We are big fans of the Poppibrand movement and believe this incredible brand paired with our commercial capabilities Ryals McMullian, Chairman and CEO of Flowers Foods, stated, “With leading market positionsand abundant white space for future growth, Simple Mills perfectly fits our strategy of addingcompelling brands in better-for-you segments that complement and diversify our existing has beenacquired by has agreed to beacquired by On February 19, 2025, Advent International completed the acquisition of Sauer Brands fromFalfurrias Capital Partners. On April 1, 2025, Celsius Holdings completed the acquisition of Alani Nu, a health andwellness brand, for $1.8 billion. Founded in 1887, Sauer Brands produces a broad line of condiments, spices, seasonings, andextracts under well-known brands including Duke’s Mayonnaise, Kernel Season’s, The SpiceHunter, Mateo’s Gourmet Salsa, and Sauer’s. It also produces private label products. Founded in 2018, Alani Nu is a growing, female-focused brand that delivers functionalbeveragesand wellness products that are aspirational yet accessible for a growing “With a more than 135-year history, Sauer Brands has established itself as a standout playerin the highly attractive condiments and seasonings categories. Despite its long history, webelieve that the company is still in the early innings of growth,” said Tricia Glynn, a ManagingPartner at Advent International. “We believe that Advent’s extensive experience investing in “The closing of this transaction further strengthens our ability to grow the energy drinkcategory and reach new consumers who seek better-for-you, functional beverages as ahealthier alternative to traditional, sugary energy drinks,” said Celsius Chairman and CEO MARKET DATA Food & Beverage Public Company Valuations by Category MARKET DATA MARKET DATA MARKET DATA MARKET DATA Food & Beverage Public Company Key Metrics TRANSACTION ACTIVITY Select Recent M&A Activity With Disclosed Valuations TRANSACTION ACTIVITY EXPERIENCE Transaction Announcement acquired by Archer-Daniels-Midland Company (“ADM”), a global leader in nutrition andagricultural origination and processing, has acquired 100% of the equity ofFlavor Infusion International, S.A. (“FISA”), a full-range provider of flavor andspecialty ingredient solutions for customers across Latin America and theCaribbean. With the acquisition, ADM adds an experienced and successful “I’m pleased to welcome the FISA team to ADM,” said Vince Macciocchi,President of ADM’s Nutrition business. “They’ve built a great business, andwe’re planning a seamless transition as we add our global capabilities toexpand the range of products, services and solutions we can offer to existingand new custom