Food Sector M&A Is Heating Up, Gabelli Fund Manager Says: Watch For BellRing Brands, Campbell Soup
Food Sector M&A Is Heating Up, Gabelli Fund Manager Says: Watch For BellRing Brands, Campbell Soup
The food industry is ripe for consolidation now that the Federal Reserve is expected to cut interest rates in September.
随着美联储预计将在九月份降低利率，食品行业现在正值整合之际。
According to Kevin Dreyer, co-CIO of Value at Gabelli Funds, lower rates generally stimulate M&A activity.
根据Value at Gabelli Funds的联合首席投资总监Kevin Dreyer的说法，通常来说，利率降低会刺激并购活动。
"One thing to note is that, as rates come down, that tends to lead to an upswing in M&A activity," Dreyer told CNBC on Friday, Aug. 23. "Food stocks have had a tough year — the consumer stretch, inflation has been biting them — they've been struggling with volume growth, but snacking has been a good area within food."
“值得注意的一点是，随着利率下降，这往往会带来并购活动的增长，” Dreyer在8月23日星期五告诉CNBC。“食品股今年表现艰难——消费者收入有限，通货膨胀一直在侵蚀他们——他们一直在努力应对成交量增长问题，但零食部门一直是食品中的亮点。”
See below.
请参见下文。
Mars Inc.'s recent acquisition of Kellanova (NYSE:K) for $35.9 billion bodes well for the sector, Dreyer noted. The move reflects a strategic realignment, exemplifying how companies are looking to strengthen their positions in more profitable niches.
Mars Inc.最近以359亿美元收购了Kellanova（纽交所代码: K），Dreyer指出这对整个板块都是一件好事。此举反映了战略重组，展示了公司如何寻求加强在更有利可图的细分市场中的地位。
In October 2023, Kellanova, which has the global snacking segment, completed its separation from WK Kellogg Co (NYSE:KLG).
2023年10月，拥有全球零食业务板块的Kellanova公司与Wk Kellogg Co（纽交所代码: KLG）完成了分拆。
Read Also: Confectionery Giant Mars To Acquire Cheez It Parent Kellanova In $35.9B Deal
阅读更多：糖果巨头Mars将以359亿美元收购Cheez It母公司Kellanova
Campbell Soup Company (NASDAQ:CPB) has also been active, recently acquiring Sovos Brands, Inc. (NASDAQ:SOVO), the maker of Rao's pasta sauce.
Campbell Soup Company（纳斯达克代码: CPB）也一直很活跃，最近收购了Sovos Brands, Inc.（纳斯达克代码: SOVO），后者是Rao's意大利面酱的制造商。
Dreyer sees Campbell Soup as a company to watch, suggesting they could "end up following the 'Kellogg-Kellanova playbook'."
德雷尔认为金宝汤是一家值得关注的公司，暗示他们可能会“按照‘Kellogg-Kellanova游戏规则’的方式发展”。
Campbell Soup's investor day is coming up in September. Expected the company to outline plans, which could further shape the landscape of the food sector.
金宝汤的投资者日将于九月举行。预计公司将概述计划，这可能进一步塑造食品行业的格局。
As for which companies are attractive takeover targets, Dreyer cited his favorite mid-cap food stock: BellRing Brands Inc. (NYSE:BRBR), maker of Premier Protein shakes.
至于哪些公司是有吸引力的收购目标，德雷尔提到了他最喜欢的中型食品股票：bellring brands公司 (NYSE:BRBR)，生产Premier Protein奶昔。
"Premier Proteins is growing mid-teens right now in an industry that is struggling to grow at all. We think they will continue to do great on their own, but somebody else may want to buy them," Dreyer said, highlighting the potential for BellRing Brands to be an attractive M&A target.
“Premier Protein目前在一个几乎无法增长的行业中以两位数的速度增长。我们认为他们将继续取得很好的成绩，但其他人可能希望将他们买下来，”德雷尔说道，强调bellring brands成为有吸引力的并购目标的潜力。
As M&A activity gains momentum, investors are advised to keep a close eye on potential deals that could reshape the industry landscape, providing new opportunities for growth and investment.
随着并购活动的加速，投资者被建议密切关注可能重塑行业格局的交易，为增长和投资提供新机会。
- Mars To Buy Kellanova For $36B: Deal Would Rank Snickers Maker Among 3 Largest Private Companies
- Mars以360亿美元收购家乐氏：交易将使Snickers制造商成为三大最大的私人公司之一。