As 2024 comes to a close, the FoodBev Media team reflects on the year gone by and shares their thoughts and predictions for the industry in the year ahead. Join us as we explore what’s on the menu for 2025.
Butterfly Equity, a US private equity firm focused on the food and beverage sector, has appointed former Constellation Brands executive, Robert Hanson, as CEO of The Duckhorn Portfolio, effective 1 February. The move comes after Butterfly’s acquisition of the luxury wine company for $1.95 billion in October last year.
After the transaction closes, Simple Mills will remain an independent subsidiary of Flowers Foods, led by founder and CEO Katlin Smith and her leadership team. The company will continue operating from its locations in Chicago, Illinois and Mill Valley, California.
M&A in food and beverages is set for a dynamic 2025 as stabilising inflation and interest rates boost investor confidence. Experts at Houlihan Lokey forecast renewed private equity activity, portfolio streamlining and heightened focus on sustainability.
The competition watchdog announced its intention to launch an investigation into the deal – which was agreed upon by the beverage giants in July 2024 – this September. On 17 December, the CMA announced its decision to clear the anticipated acquisition, which is now expected to complete in early 2025.
