Hillshire announced that it intends to buy Pinnacle Foods for US$ 6.6bn. On the heels of this, Mergermarket ran some quick stats and discovered how well the consumer market is doing.
Check it out:
- US-targeted Consumer M&A to-date has reached US$ 52.9bn, the highest for this period since 2007 (US$ 96.6bn)
- The deal value represents an 8.9% increase compared to the same time in 2013 (US$ 42.5bn) and is only 35.8% away from 2013’s annual total (US$ 82.4bn)
- The 148 deals further emphasizes the attraction to Consumer companies in the US which has reached the highest number for this period since 170 announcements in 2008