Dec 19 2024 16 mins
In this episode:
Fresh off of BevNET Live in Marina del Rey, Calif., the CPG Week podcast team jumps right back into the big M&A stories of the week. Nosh managing editor Monica Watrous walks the group through the Kroger-Albertsons failed merger and the fallout from it. Then, the team goes on to talk about Mondelēz’s second attempt to acquire Hershey. Finally, senior reporter Lukas Southard describes frozen potato product maker Lamb Weston’s recent problems and potential acquisition suitors.
NOTE: This episode was recorded before news broke of Post Holdings’ acquisition of Potato Products of Idaho.
Show Highlights:
0:30 - The CPG Week team recap their favorite moments from BevNET Live Winter 2024, which wrapped up last week.
4:30 - Find out how the planned merger of Kroger and Albertsons finally fell apart, why it’s not too surprising and what happens now.
9:45 - For the second time, Mondelēz has made an offer to acquire Hershey, and once again the deal has been rejected. Monica explains what has happened so far and why it might not have been such a bad deal for the chocolate maker, which is facing steep cocoa prices.
12:45 - Lukas tells the team about frozen potato food maker Lamb Weston’s struggles with activist investors and a class action lawsuit – and why it is drawing the attention of potential acquirers.
About CPG Week
CPG Week is the podcast that explores the latest happenings in the consumer packaged goods industry. Join our seasoned reporting team as they dish out the week’s stories in quick, easy-to-digest episodes. Catch up on the top headlines of the week, dive into exclusive insights with the BevNET and Nosh teams, and set yourself up to make more informed business decisions. Tune in to stay up-to-date on the latest developments in the dynamic world of packaged food and beverage.
New episodes are released every week. Send us comments and suggestions anytime to [email protected].