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UK food and drink M&A down in 2022 – advisers

Inflation, availability of debt and cost of living are all to blame for lower number of deals – but tick-up is predicted for 2023.

McCormick & Co. to cut jobs in annual cost reduction drive

CEO Lawrence Kurzius described 2022 as “a challenging and volatile year

US infant formula maker ByHeart triples capacity with factory buy

ByHeart said the acquisition in Iowa means it has capacity to produce enough formula for 500,000 infants each year.

Yeo Valley venture capital fund backs UK snack brand The Curators in M&A

The organic dairy brand said it was impressed by The Curators’ distribution channels and “vision to build a leading functional snacking brand”.

Danone moots sale of US organic dairy business

It said US businesses Horizon Organic and Wallaby had a “dilutive” effect on sales growth and are under strategic review.