Food & Beverage Update
First quarter 2014
This newsletter is a periodic compilation of financial and economic trends and certain completed and announced merger and acquisition activity in the food & beverage industry on a European and Belgian level.
Slightly lower M&A activity in the European food & beverage industry during last twelve months ending Q1 2014 (“LTM Q1 2014”) resulted in 292 closed deals (versus 303 during a full year 2013). 76% of the LTM Q1 2014 deals involved industrial buyers (versus 69% during the same period over all industries). Although deal activity was lower, the median deal size increased from EUR 41mio in 2013 to EUR 54mio during LTM Q1 2014.
In the Belgian Food & Beverage industry 26 deals were announced, representing 17% of total deal volume over all industries during that period in Belgium. The most sizeable transactions on the Belgian market included the merger of the two frozen fruit and vegetables companies Ardo and Dujardin Foods. As well as the acquisition of Diversi Foods by private equity house Waterland. Other notable transactions included the acquisition of Tops Foods by CPF Europe and Heremans by Milcobel.