Frank Aquila Discusses M&A in the Packaged Food Sector on Bloomberg TVJune 10, 2015
On June 10, Mr. Aquila was interviewed by Bloomberg TV's Olivia Stearns on Bloomberg Markets regarding the factors driving consolidation in the packaged food sector. Mr. Aquila discussed how the larger food companies are seeking to acquire smaller start-ups that produce healthier foods, particularly snacks, that cater to changing consumer tastes for organic and natural food. For smaller and start-up food companies it can be beneficial to become part of a larger company, Mr. Aquila says, allowing them to take advantage of their broader distribution platform. Mr. Aquila predicts that there will be a full range of deals in the sector, including consolidation among the largest companies, as well as smaller bolt-on deals. So far in 2015 there have been $66 billion in deals in the packaged food sector.