Research and Markets: United States Food and Drink Report - Q4 2009 Edition
More News related to Press Releases
- Research and Markets: Cosmetics - Comprehensive Profiles of 427 Companies Operating in the UK Market
- Research and Markets: 2009 Plimsoll Analysis - Graphic Designers - A Comprehensive Profile of 1000 Companies Operating in the UK Market
- BBC Radio 1 Team-up with the Mobile Data Association to Give Listeners Free Picture Messaging Day
- STATS ChipPAC Ramps eWLB Technology to High Volume Production
- A "Yellow Light" to Congress from the GAO on Credit Card Interchange Fees
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
Source: Research and Markets Ltd
Stocks Mentioned
Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
