One of the notable transactions of the quarter was announced in October when Ferrero SpA acquired Ferrara Candy Co, Inc., a portfolio company of Catterton Management Co LLC, for a reported value of US$1.3 billion, including debt. The acquisition expands Ferrero SpA’s product offerings and footprint into United States markets.
Foods centered on health and wellness continue to grow year over year.
Industry Indicators
- The consumer price index for food, an indicator of food product values, rose 1.7% in January 2018 compared to the same month in 2017.
- US nondurable goods manufacturers’ shipments of food products, an indicator of demand for food manufacturing, rose 5.0% year-to-date in December 2017 compared to the same period in 2016.
- US retail sales for food and beverage stores, a potential measure of food demand, increased 4.3% in the first month of 2018 compared to the same period in 2017.
- Total US wholesale sales of nondurable goods, a potential measure of food demand, rose 5.4% in December 2017 compared to the same period in 2016.
Posted by Terry Fick.
Read the Entire Food & Beverage 1st Quarter Newsletter Here
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