2024 Outlook: Agrifood Industry Sees Surge in M&A Activity

2024 was a big year for mergers and acquisitions (M&A) in the feed, grain, and poultry industries. While we still have a few days left in 2024, let’s take a look back at some of the major M&A moves that made headlines this year:

– BRF announced plans to acquire half of a gelatin and collagen company.
– Post Holdings made a move to acquire Potato Products of Idaho.
– MHP proposed an acquisition of Uvesa Group in Spain.
– Tanmiah set sights on buying a poultry plant and land in Saudi Arabia.
– LDC Group continued on its acquisition trail.
– JBT was cleared for a takeover offer of Marel.
– CHS’s acquisition of West Central Ag Services gained board approval.
– In a cross-border move, BRF revealed its intention to buy a food processing plant in China from OSI Group.
– Elanco made waves by acquiring a Speke contract manufacturing facility in the UK.
– There were concerns raised by UK authorities over a feed mill deal between Boparan and ForFarmers.
– Phibro completed the acquisition of Zoetis’ medicated feed additive business.

And the list goes on with companies like Happy Egg, VEOS Group, Granite Creek, Elanco, Lesaffre, Saudi Arabia’s SALIC, and Truffle Asset Management making strategic acquisitions or completing mergers throughout the year.

It’s clear that the agrifood industry has seen significant consolidation and strategic partnerships in 2024. From Europe to Asia and the Americas, companies across the globe have been active in M&A activities, reshaping the landscape of the industry.

With mergers and acquisitions always a hot topic in the business world, it will be interesting to see how these moves play out in the coming years and what new partnerships and consolidations will arise in the future. Stay tuned for more updates on the evolving landscape of the agrifood industry.