U.S. food companies go deal hunting as pandemic growth fades

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U.S. food companies go deal hunting as pandemic growth fades
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By Deborah Mary Sophia (Reuters) - U.S. packaged food companies are set for a flurry of deals in a push to revamp their brand portfolios as their ...

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STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Deborah Mary Sophia

"There's been a nice uptick in M&A in the food industry in the first half of the year...," said Michael Milani, executive managing director and principal at advisory firm Baker Tilly. "I would expect there to be a continued drumbeat of M&A," said Sarah Henry, managing director and portfolio manager at Logan Capital Management, which holds shares in PepsiCo and Mondelez International.

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