Mercer Capital's Food & Beverage Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes a macroeconomic trends, industry trends, and guideline public company metrics.
U.S. Alcoholic Beverage M&A and Market Performance in 1Q 2016
1. VALUE FOCUS
Food & Beverage
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Executive Summary: Alcoholic Beverages
The alcoholic beverage landscape continues to grow worldwide and especially in the U.S. market.
Within the beer segment, super premium beers have shown the strongest growth among pro-
ducers and consumers, while sub-premium has declined. Since 2008, upstart craft breweries
have increased 127% through 2014, while large breweries are merging and consolidating. Each
trend is placing pressure on the supply of feed commodities which is a significant concern in
the industry. Within the wine segment, the U.S. continues to lead the world in consumption. To
quench the thirst, approximately 525 wineries began operations in the United States during 2014
alone. Following a similar form to beer, the spirits segment is consolidating into fewer, but larger,
international conglomerates.
First Quarter 2016
M&A Overview
Alcoholic
Beverage Segment 1
Segment Public Company
Performance Overview 5
Beer
United States 6
Current Litigation 10
Worldwide 11
Spirits
United States 16
Worldwide 17
Wine
United States 19
Current Litigation 22
Worldwide 23
Public Company
Information
Food Processors 24
Restaurants 25
Non-Alcoholic
Beverages 26
Alcoholic Beverages 27
About Mercer Capital 28