RubinBrown Food & Beverage Update 2015

M&A Activity Overview: Most Acquisitive in 2014 and through June 2015

Encore Consumer Capital BBX Sweet Holdings, LLC

Highlights

 Following a busy 2014, BBX Sweet Holdings completed two more acquisitions in the candy and confectionery space in the first half of 2015.  Encore Consumer Capital closed three transactions during the first half of 2015, acquiring a snacks company, a brewery, and a packaged foods and meats company.  Post Holdings continued its buying spree with the purchase of MOM Brands in early 2015 for a reported value of $1.2 billion. The MOM deal follows the $2.5 billion Michael Foods acquisition in June 2014 as well as its $0.4 billion purchase of a private label pasta producer in January 2014.  The Hain Celestial Group closed another transaction in 2015 with the acquisition of Empire Kosher Poultry, which followed its controlling interest purchase of another poultry producer, Hain Pure Protein Corp., in 2014.  Wilbur-Ellis Company closed a deal in the first half of 2015 with the purchase of The Seedhouse, a full service seed production company. The Seedhouse deal adds to Wilbur- Ellis’ 2014 acquisitions of a protein supplements company and an agriculture services company.

Arthur Dogswell, L.L.C. Armstrong Growers, Inc. Arbor Private Investment Company Amway Corporation Amplify Snack Brands, Inc. American Brewing Company, Inc.… Alltech, Inc. Allied Old English, Inc. All City Candy The Coca-Cola Company (NYSE:KO) Level 5 Beverage Company, Inc. E. & J. Gallo Winery, Inc. Del Monte Pacific Limited (SGX:D03) Archer-Daniels-Midland Company (NYSE:ADM) Alkame Holdings, Inc. (OTCPK:ALKM) Alico Inc. (NasdaqGS:ALCO) AdvancePierre Foods, Inc. AccelPath, Inc. (OTCPK:ACLP) Wilbur-Ellis Company Inc. The Hain Celestial Group, Inc. (NasdaqGS:HAIN) Post Holdings, Inc. (NYSE:POST)

Bailey Nurseries, Inc. Bacardi Limited

2014 2015

Source: S&P Capital IQ Reflects all closed Food & Beverage transactions, regardless of size.

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No. of Acquisitions Made per Year

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Food & Beverage Industry Sector: 2015 Mid-Year Update

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