The CEO of Mondelēz International, Dirk Van de Put, highlighted the challenges the company faces in completing acquisitions due to the rising asking prices for potential targets. The food industry has seen a surge in dealmaking as companies seek to fuel growth by adding trendy brands to their portfolios.
Despite the competitive market and high valuations, Mondelēz remains active in pursuing strategic acquisitions to expand its presence in snacking and premium offerings. Van de Put emphasized the company’s focus on deals that provide a unique competitive advantage and drive growth.
While acquisitions by food and beverage companies slowed in 2025, the aggregate deal value increased, signaling a shift towards larger, more strategic investments. Other industry players, such as General Mills and Molson Coors, are also looking to M&A as a tool for growth.
However, not all companies are relying on acquisitions for growth. J.M. Smucker, for example, is focusing on turning around existing brands and reducing debt instead of pursuing deal-making opportunities.
The year 2026 has seen a few notable acquisitions, including B&G Foods’ purchase of broth brands from Del Monte Foods and Smithfield Foods’ acquisition of Nathan’s Famous hot dog brand.