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Credit Suisse Sees Food Portfolio Shakeups, Including In Snack Space

December 8, 2020: 12:00 AM EST
The Swiss investment bank says recent deals in the food industry, such as the acquisition of the snacks business Kind by Mars, are "just the beginning of a portfolio re-shaping 'revival' in the food sector," inspired by the COVID-19 experience. Look for companies to “either shift the weight of their portfolios toward higher growth segments or divest slower growth brands.” Among the major players in these portfolio shifts will be Tyson Foods, Hormel Foods, Conagra Brands, Kellogg, and Unilever. The bank particularly expects a “takeout” of Hain Celestial Snacks ($300 million in sales) or Simply Good Foods ($900 million sales) owing to consolidation trends in the snack category. Also highlighted as attractive assets are Amy's Kitchen ($500 million in sales) and Herr's Foods ($185 million).
Andy Coyne, "Portfolio shake-up likely in U.S. food sector, says Credit Suisse", just-food global news, December 08, 2020, © just-food
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