Food execs signal a strong appetite for M&A in 2024

Major food makers are poised to accelerate M&A in 2024, with companies such as Mondelēz International claiming to be in “active” discussions.

Once known for consummating big transformational deals, the food and beverage sector has been focused during the last six years on so-called “bolt-on” transactions. These purchases give companies a deeper presence in certain categories without saddling their businesses with huge amounts of debt or the complexities of integrating a new business. 

Executives attending the annual Consumer Analyst Group of New York conference in Florida last month said smaller transactions are likely to remain popular, and they are poised to strike if the right deal comes along. FOOD DIVE