2025-05-20-KROLL-食品和饮料行业并购洞察——2025年春季（英）_10页_1mb

Food and Beverage Industry M&A Summary

Executive Summary

In the trailing 12 months ending March 2025, 282 food and beverage deals were announced, with strategic transactions making up 76% and 86% completed by privately owned buyers. Year-over-year activity remains stable despite global tariff threats reducing Q1 2025 transaction volume to a 34% quarter-over-quarter decline.

Market Overview

Q1 2025 saw 50 transactions, the lowest quarterly count since Q2 2015, due to economic uncertainty. Activity is highest in nonalcoholic beverages, better-for-you categories, and protein producers. Strategic buyers dominate the market, with continued interest in discounted acquisitions offsetting some volatility.

Key Influencing Factors

• Global economic uncertainty and tariff threats suppress deal volume, affecting cross-border import/export businesses.
• Ongoing trade wars increase stress on levered companies, potentially leading to higher distressed M&A in upcoming months.

Recent Transactions

• PepsiCo acquired VNGR Beverage LLC (dba Poppi) for $1.95 billion.
• Celsius Holdings acquired Alani Nutrition for $1.8 billion.
• Global Eggs bought Hillandale Farms for $1.1 billion, and Flowers Foods acquired Simple Mills Inc. for $795 million.
• Other notable deals include Gryphon Advisors buying Spindrift Beverage Co. Inc. and Safety Shot acquiring Yerbaé Brands Corp.

Data Highlights

• Nonalcoholic beverages and better-for-you categories drive deal volume.
• 86% of deals involve private buyers, indicating strong private equity activity.

This summary captures the main trends, transactions, and market dynamics from the report.