RubinBrown Food & Beverage Update 2015

Table of Contents

Topic

Page

M&A Activity Overview Overall Transaction Activity………………………………………………………………… 3 Valuation Levels……………………………………………………………………………… 4 Buyer Landscape……………………………………………………………………………… 5 2014-2015 Deal Spotlight…………………………………………………………………… 6 Most Acquisitive in 2014 and through June 2015……………………………………… 8 Middle Market Deals………………………………………………………………………… 9 Economic Factors Long-term Indicators…………………………………………………………………………10 Current Indicators………………………………………………………………………………11 Producer Price Index by Sub-Industry…………………………………………………… 12 Commodity Pricing: Major Livestock, Dairy, and Eggs…………………………………13 Commodity Pricing: Major Field Crops……………………………………………………14 Public Equity Markets Food & Beverage Returns……………………………………………………………………15 Food & Beverage Valuation Multiples……………………………………………………16

Public Company Subsector Constituents…………...………………………………………17

Contact Information…………………………………………………………………………… 20

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Food & Beverage Industry Sector: 2015 Mid-Year Update

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