Food and Beverage M&A Update

4Q 2020

RESOURCE HIGHLIGHTS

  • The Food & Beverage industry index rose 11.2% in Q4 and outperformed the S&P 500 index, which increased 10% in the same period
  • Q4 M&A deal volume was up 9.8% from Q3 with a total of 134 completed transactions
  • Despite the 9.8% uptick in Q4, overall deal volume in 2020 declined 49.4% from 2019
  • Strategic buyers accounted for 61% of deal volume in Q4 vs PE investors with 39%
  • The acquisition of Cholula by McCormick & Company (NYS:MKC) in an $800M deal represented the largest transaction in Q4
  • Stock prices and valuation multiples have trended higher in Q4
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