Growth Opportunities for Food Manufacturers in 2023
Despite persistent inflation, declining volume sales, and a more reticent consumer, growth opportunities remain for food manufacturers in 2023. The Food Institute hosted its exclusive webinar, "Growth Opportunities for Food Manufacturers in 2023," on June 7 at 2 p.m. EDT to explore how the food manufacturing industry can position themselves for growth now and in the years to come.
Agenda:
CohnReznick's Helana Robbins Huddleston set the table with an overview of the food manufacturing industry, M&A stats, and how manufacturers are adapting to the current business climate, before moderating a panel featuring Dr. Praeger's CEO Andy Reichgut and Swander Pace Capital's Robert Vassel.
Topics covered in the panel discussion included:
-Merger and acquisition activity in the food manufacturing space
-Capital markets conditions in private equity markets
-How top food manufacturers are positioning themselves amid inflation
-The evolving dynamics between manufacturers and food retailers
-How innovation and R&D are helping manufacturers with pricing strategy
-Latest trends in the food industry
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Thanks to our sponsor: CohnReznick
About CohnReznick
As a leading advisory, assurance, and tax firm, CohnReznick helps forward-thinking organizations achieve their vision by optimizing performance, maximizing value, and managing risk. Clients benefit from the right team with the right capabilities; proven processes customized to their individual needs; and leaders with vital industry knowledge and relationships. Headquartered in New York, NY with offices nationwide, the firm serves organizations around the world through its global subsidiaries and membership in Nexia International. For more information, visit www.cohnreznick.com.
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Helana leads buy-side and sell-side financial due diligence engagements with strategic and financial buyers for private and public companies in the middle market. She manages the complexity of carve-out transactions including assisting on synergy cost analyses and transition service agreements. Her diverse industry experience includes manufacturing and distribution, food and beverage, retail, technology, government, construction, hospitality, and business services.
Helana has provided accounting and consulting services to financially troubled companies with sales ranging from $80 million to $350 million. In this role, she has advised clients in multiple areas including cash management, financial projections and modeling, operational cost improvement and cost reductions, and implementing internal control processes. She has also advised senior secured creditors in and out of bankruptcy proceedings.
Helana began her career with a Big 4 firm where, among other things, she led a buy-side transaction with an enterprise value of $10 billion.
Prior to joining SPC, Rob spent twenty years in various brand management, sales, and general management assignments across brands such as Hidden Valley, Fresh Step, Burt’s Bees, Glad, Armor All, Pine Sol, Clorox, and Mattel. Most recently, he led efforts in acquiring new growth businesses as vice president of corporate development on mergers and acquisitions at The Clorox Company.
Rob received an MBA from UCLA Business School and a BA degree from Colgate University.
Prior to taking on these entrepreneurial ventures, Andy worked at large CPG companies including Pinnacle Foods, M&M Mars and Reckitt Benckiser.
