DUBLIN--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/research/dc8df2/united_states_food) has
announced the addition of the "United States Food and Drink Report Q4 2009"
report to their offering.
United States Food and Drink Report provides industry professionals and
strategists, corporate analysts, food and drink associations, government
departments and regulatory bodies with independent forecasts and competitive
intelligence on the United States' food and drink industry.
The upturn in business sentiment following the global economic downturn looks
like it could bring with it a wave of consolidation in the global food and drink
sector. As home to some of the world's most important multinational firms the US
looks like it will play a key part in this process, with two major deals
announced over the last three months.
In September it was reported that JBS, the world's largest beef processor, is
set to launch a bid for the largest poultry processor in the US, Pilgrim's
Pride. The company filed for Chapter 11 bankruptcy protection in December 2008
after struggling to contend with high debts, low poultry demand and rising feed
costs and should therefore be available for an attractive price. JBS has been
aggressively expanding in the US and despite political opposition managed to
seal acquisition of the beef operations meat group Smithfield Foods for US$560mn
in October 2008. However, plans to acquire the country's fourth largest beef
producer, National Beef Packing Company, foundered after the US department of
Justice had sought to block the deal on competition grounds.
The authors also believe the sharp appreciation of the US dollar against the
Brazilian real, along with the deteriorating global economic situation may also
have played a part in persuading JBS not to challenge this decision, with the
currency movements making US assets much more expensive to Brazilian firms.
However, with the global economic situation looking up and the real rallying
against the dollar, the firm has once again turned its attentions to the huge US
market. Pilgrim's Pride is the largest chicken producer in the US, accounting
for around a quarter of the entire chicken market, and the acquisition would put
JBS on a par with current market leader Tyson Foods in terms of overall scale in
the meat sector. Another firm looking to take advantage of the depressed state
of global equity prices is Kraft which in September launched a GBP10.2bn
(US$16bn) bid for UK-based confectionery producer Cadbury.
Key Topics Covered:
Executive Summary
Industry SWOT Analysis
Business Environment
Food
Drink
Retail
Competitive Landscape
Appendix
Country Snapshot: US Demographic Data
Food & Drink Methodology
Companies Mentioned:
* Kellogg Company
* General Mills Inc
* Tyson Foods
* The Coca-Cola Company
* PepsiCo
* Anheuser-Busch InBev (ABI)
* MillerCoors
* Cadburys
For more information visit
http://www.researchandmarkets.com/research/dc8df2/united_states_food
Research and Markets
Laura Wood, Senior Manager,
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Copyright Business Wire 2009
