Quarterly Insights: Australian Food Manufacturing & Distribution June 2019
PKF Melbourne Corporate Finance is pleased to present the Food Manufacturing & Distribution Insights for the June 2019 quarter, including a review of key mergers and acquisitions activity in the industry.
Our quarterly release serves as a preface to the insights and observations that we can provide to drive business value and achieve a successful transaction.
The Consumer Staples Index
The Consumer Staples Index is comprised of companies involved in the manufacturing and distribution of food and beverages. The Index provides a broad measure of the performance of the Australian food manufacturing and distribution industries.
The Consumer Staples Index experienced a growth of 0.85% over the 12 month period from July 2018 to June 2019 and a growth of 5.93% for the June 2019 quarter. The Consumer Staples Index was outperformed by the ASX for the June 2019 quarter.
Source: ASX, PKF analysis
Key deal activity in June 2019 quarter
PKF Melbourne Corporate Finance has observed the following key food manufacturing and distribution transactions announced during the June 2019 quarter.
¹ 87.76% stake acquisition
² Think Products Pty Ltd; Well Naturally; Power Super Foods Pty Ltd; Systemax; Planet Food; The Bar Counter
Source: S&P Capital IQ, ASX announcements, MergerMarket, PKF analysis