Food & Beverage Report Q2 2018
ateTargetBuyer(s)SegmentAmount( in Mil)TEV/RevTEV/EBITDA6/27/2018Pinnacle Foods, Inc.Conagra Brands, Inc.CPG Foods10,777.913.41x15.87x6/4/2018Tecumseh Poultry LLCTyson Foods, Inc.Proteins---5/25/2018Bare Foods Co.PepsiCo, Inc.CPG Foods200.00--5/17/2018Zipfizz Corp.KUC Holding Co. Ltd.Non-Alcohol80.001.48x-5/7/2018Nestlé SACPG Foods7,150.00--5/7/2018Starbucks Corp. (Consumer & FoodserviceBusiness)Barteca Holdings LLCDel Frisco's Restaurant Group, Inc.Restaurants325.002.54x10.25x5/6/2018Tate's Bake Shop, Inc.Mondelez International, Inc.CPG Foods500.00--4/26/2018Old Orchard Brands LLCLassonde Industries, Inc.Non-Alcohol156.001.51x9.87x4/23/2018ELXSI Corp.SPX de Food Solutions LLCCPG Foods2,400.00--4/12/2018Oberto Sausage Co.Charlesbank Capital Partners LLC; PartnersGroup; ShareholdersPremium Brands Holdings Corp.Proteins---4/9/2018National Beef Packing Co. LLCNBM US Holdings, Inc.Proteins1,900.00--
Strategic BuyerConagra Brands, Inc.Inv. DateTyson Foods, 7/201811/3/20179/14/20179/7/2017Premium Brands Holdings Corp.4/12/20184/12/20183/15/20183/15/2018MTY Food Group, l BuyerBrynwood PartnersSelect Corporate Acquisitions Pinnacle Foods, Inc. Kangaroo Brands, Inc. (Sandwich Bros Business)* Angie's Artisan Treats LLC Thanasi Foods LLC Tecumseh Poultry LLC Original Philly Holdings, Inc. AdvancePierre Foods Holdings, Inc. Savage River, Inc. Starbucks Corp. (Consumer & Foodservice Business) Chameleon Cold Brew LLC Blue Bottle Coffee, Inc. Sweet Earth, Inc. Oberto Sausage Co. McLean Meats, Inc. Concord Premium Meats Ltd. The Meat Factory Ltd. Grabbagreen Franchsing LLC Threecaf Brands Canada, Inc. - Franchise Business Imvescor Restaurant Group, Inc. CB Franchise Systems LLC6/27/201812/21/20179/22/20173/16/2017Inv. nd Point Advisors ollo Global Management12/19/20173/14/20162/16/20111/30/2013L 20157/30/2015Advent International Corp.3/1/20183/1/20186/8/20169/20/2012Select Corporate Investments42199 Carolina Beverage Group LLC Cold Spring Brewing Co. Nestle Healthcare Nutrition, Inc. (Nutrament Bus) Faribault Foods, Inc. (Beverage Business) Sunny Delight Beverages Co. California Natural Products Inc Pacifica Foods LLC Gaytan Foods Co. Evans Food Group Ltd. Gehl Foods, LLC Qdoba Restaurant Corp. The Fresh Market, Inc. Sprouts Farmers Market, Inc. (NasdaqGS:SFM) Hostess Brands, Inc. (Certain Snack Cake Brands) Uncle Julio's Corp. Punch Bowl Social Front Burner Restaurants LP Velvet Taco The Piada Group, LLC Lily's Kitchen Limited Lentz Milling Co. Lentz Milling Co. ConAgra Foods, Inc., JM Swank Business Harvest Meat Company, Inc.
50%40%30%20%10%0%-10%-20%AlcoholNatural & Organic FoodsProduceRestaurantsNon-AlcoholDairyIngredients & FlavorsDigitally NativeMarket StatsCompany NameAnheuser-Busch InBev SA/NVDiageo PlcConstellation Brands, Inc.Brown-Forman Corp.Molson Coors Brewing Co.Boston Beer Co., Inc.MGP Ingredients, Inc.Craft Brew Alliance, Inc.Castle Brands, Inc.Willamette Valley Vineyards, Inc.Truett-Hurst, Inc.Segment AverageSegment GPI-USBREW-USROX-USWVVI-USTHST-USMarket Cap( in Mil)Price ( ) 169,975 G FoodsProteinsCo-PackersS&P 500Operating )3.6%(20.8%)1.9%(2.5%)% of 8.1%5.4%1.3%6.0%11.7%3.5%11.6%NMNM5.8%5.4%LTM x36.1x35.0xNM19.4xNM25.8x24.9xNTM 0.9x10.2x19.5x22.8x17.6x25.5xNMNM18.3x18.1x
Market StatsCompany NameThe Coca-Cola Co.PepsiCo, Inc.Monster Beverage Corp.Dr Pepper Snapple Group, Inc.Coca-Cola European Partners PlcFomento Economico Mexicano SAB de CVNational Beverage Corp.Hain Celestial Group, Inc.TreeHouse Foods, Inc.Coca-Cola FEMSA SAB de CVCott Corp. (Canada)SodaStream International Ltd.Coca-Cola Bottling Co. ConsolidatedPrimo Water Corp.Reed's, Inc.Coffee Holding Co., Inc.Leading Brands, Inc.SymbolMarket Cap( in OKEPRMWREEDJVALBIX 186,125 .4041.27SymbolMarket Cap( in Mil)Price ( )Operating .9%(22.1%)% of )(2.7%)1.7%6.2%13.2%NM4.9%18.8%20.8%NM% of 12.8%1.4%3.1%3.2%NM2.6%(2.5%)10.0%NMNMMarket StatsCompany NameMondelez International, Inc.General Mills, Inc.Kellogg Co.Hormel Foods Corp.McCormick & Co., Inc.Conagra Brands, Inc.Campbell Soup Co.Pinnacle Foods, Inc.Post Holdings, Inc.Flowers Foods, Inc.Lancaster Colony Corp.J&J Snack Foods Corp.Cal-Maine Foods, Inc.B&G Foods, Inc.Dean Foods Co.Farmer Brothers Co.Lifeway Foods, Inc.Rocky Mountain Chocolate Factory, FARMLWAYRMCF Price ( )59,962 5151530.55785.036711.44LTM 5x38.7xNMNMNM24.0x14.5x79.5xNM30.0xNMOperating %)(37.1%)(2.9%)LTM 9.7x14.0xNMNMNMNTM .4x14.3xNM13.5xNMNMNMNTM 1.0x16.5x15.6x10.6x11.3x5.9x10.7xNMNM
Market StatsCompany NamePinnacle Foods, Inc.Darling Ingredients, Inc.Hain Celestial Group, Inc.Sprouts Farmers Markets, Inc.United Natural Foods, Inc.Calavo Growers, Inc.SunOpta, Inc.Limoneira Co.Natural Grocers by Vitamin Cottage, Inc.Lifeway Foods, Inc.Reed's, Inc.AMCON Distributing Co.RiceBran TechnologiesTofutti Brands, EDDITRIBTTOFMarket Cap( in Mil) Price ( )7,687 02.162.45Operating 7.1%)83.9%(3.1%)45.9%36.1%% of 4.1%NM% of %)NM% of 2.9%NM4.5%39.8%2.2%NMNMNMNMMarket StatsCompany NameSymbolDanone SADean Foods Co.Lifeway Foods, Inc.BN-FRDFLWAYMarket Cap( in Mil) Price ( )50,609 9517873.4010.515.03Tyson Foods, Inc.Hormel Foods Corp.Post Holdings, Inc.Pilgrim's Pride Corp.Seaboard Corp.Nomad Foods Ltd.Premium Brands Holdings Corp.Sanderson Farms, Inc.Cal-Maine Foods, Inc.Pingtan Marine Enterprise, Ltd.Bridgford Foods Corp.Renmin Tianli Group, DABACMarket Cap( in Mil) Price ( )20,067 M18.1x27.7xNMNM18.9xNM10.7xOperating %)(9.1%)(37.1%)Market StatsCompany NameLTM MultiplesEBITDAMarginLTM erating 4.7%)LTM x16.9xNTM x9.5x7.3x18.8x14.5x18.0x7.4xNMNMNMNMNMNTM x5.9xNMNTM x13.9x6.2x10.6xNMNMNM
Market StatsCompany NameSysco Corp.US Foods Holding Corp.Nomad Foods Ltd.United Natural Foods, Inc.Fresh Del Monte Produce, Inc.Calavo Growers, Inc.SpartanNash Co.SunOpta, Inc. ¹Landec Corp.Limoneira Co.Seneca Foods Corp.Village Farms International, Inc. ¹Alico, SENEAVFF-CAALCOMarket Cap( in Mil) Price ( )31,644 6.1029.50Operating (23.2%)465.9%8.7%% of 4.5%9.9%12.3%10.9%0.1%2.1%NM3.7%NM3.6%NM% of eGrowth6.5%2.8%(1.1%)5.2%2.1%NM% of et StatsCompany NameMcCormick & Co., Inc.Ingredion, Inc.Darling Ingredients, Inc.Sensient Technologies Corp.SunOpta, Inc.Feronia, Inc.SymbolMKCINGRDARSXTSOY-CAFRN-CAMarket Cap( in Mil) Price ( )15,112 4Company NamePilgrim's Pride Corp.John B. Sanfilippo & Son, Inc.Landec Corp.High Liner Foods, Inc.Bridgford Foods Corp.Amira Nature Foods Ltd.RiceBran TechnologiesCoffee Holding Co., Inc.SymbolPPCJBSSLNDCHLF-CABRIDANFIRIBTJVA Price ( )4,920 rating 8%10.3%13.9%(20.8%)9.7%(2.2%)14.7%(20.0%)Market StatsMarket Cap( in Mil)LTM MultiplesEBITDAMarginLTM NMOperating %(46.8%)45.9%26.9%LTM .4xNM8.2x15.4xNMNM30.0xNTM 4x9.3x16.4x6.9x12.5x12.7x18.0xNM41.6xNMNTM TMEBITDA17.2x8.3x10.8x13.0x14.5xNMNTM .4xTEV/NTMEBITDA5.4x10.9x16.3x8.4xNMNMNMNM
Market StatsCompany NameDarden Restaurants, Inc.Cracker Barrel Old Country Store, Inc.Ruth's Hospitality Group, Inc.Del Frisco's Restaurant Group, Inc.J. Alexander's Holdings, Inc.The ONE Group Hospitality, Inc.Bravo Brio Restaurant Group, BBRG-USMarket Cap( in Mil) Price ( )13,373 .03Operating 1.0%% of evenueGrowth5.1%4.1%9.6%27.2%7.3%2.9%NM% of .2%Market StatsCompany NameRestaurant Brands International, Inc.Texas Roadhouse, Inc.Cheesecake Factory, Inc.Brinker International, Inc.Dave & Buster's Entertainment, Inc.Bloomin' Brands, Inc.Dine Brands Global, Inc.BJ's Restaurants, Inc.Denny's Corp.Fiesta Restaurant Group, Inc.Red Robin Gourmet Burgers, Inc.Carrols Restaurant Group, Inc.Chuy's Holdings, rket Cap( in Mil) Price ( )14,973 7046.6014.8530.70SymbolStarbucks Corp.Chipotle Mexican Grill, Inc.Shake Shack, Inc.SBUX-USCMG-USSHAK-USBojangles', Inc.El Pollo Loco Holdings, Inc.Potbelly Corp.The Habit Restaurants, Inc.Zoe's Kitchen, Inc.BOJA-USLOCO-USPBPB-USHABT-USZOES-USMarket Cap( in Mil) Price ( )67,454 25.9xNMNMOperating 7.4%)22.2%9.4%Market StatsCompany NameLTM MultiplesEBITDAMarginLTM xNM25.6x26.6xNM26.5x64.6x19.0xOperating )49.2%53.2%% of LTM x9.2x7.9x10.2x8.0x71.3xNMNMNMNTM EV/NTMEBITDA12.2x9.9x11.9x5.5x6.9x8.5xNMNTM M 12.0x
Market StatsCompany NameMcDonald's Corp.Yum! Brands, Inc.Domino's Pizza, Inc.Dunkin' Brands Group, Inc.The Wendy's Co.Jack in the Box, Inc.Papa John's International, Inc.Wingstop, Inc.Four Corners Property Trust, Inc.Sonic Corp.Del Taco Restaurants, Inc.Papa Murphy's Holdings, ZAWING-USFCPT-USSONC-USTACO-USFRSH-USMarket Cap( in Mil)Price ( ) 122,378 4014.18935.55Operating .2%% of .3%)Est.RevenueGrowthMarket StatsCompany NameSymbolMarket Cap( in Mil)9,778 rating StatsQuarterChangeYTDChange% of 52WeekHighNTM MultiplesTEV/RevLTM 13.6x9.7x9.2xNTM BITDADelivery Hero ubHub, x56.3xNM8.6x31.5xJUST EAT Plc Price ( )LTM 8%46.5%29.5%9.2x31.9xNM6.3x23.7xYelp, x43.4x22.1x2.4x11.7xBlue Apron Holdings, NMNM0.7xNM
Amount( in 0,777.913.41x15.87xAlcohol---Alcohol---Hola Nola Foods LLCCPG Foods---Excelsior Wine Co. LLCViña Concha y Toro SAAlcohol---6/25/2018Cajohns Fiery Foods Co.Hot Shots Distributing, Inc.Ingredients & Flavors---6/21/2018Native Foods Cafe LLCMillstone Capital Advisors LLCRestaurants---6/20/2018Runa LLC (NY)All Market, Inc.; Verlinvest SANon-Alcohol---6/20/2018EdgiLife Media, Inc.Awesome Office, Inc.Digitally Native---6/19/2018Baxters Canada, Inc.Fondaction Le Fonds De DéveloppementDe La Csn Pour La Co.; InvestissementQuébec; Fonds de Solidarité FTQ;Champlain Financial Corp.; ShareholdersCPG Foods18.17--6/19/2018Boston Fresh LLCThe Fresh Group Ltd.Produce---6/18/2018Wendys Co. (46 Restaurants)Carlisle Corp.Restaurants---6/14/2018Louisiana Spirits LLCSPI Group SAAlcohol---6/14/2018Pinty's Delicious Foods, Inc. *Olymel LPProteins---6/13/2018Meridian Restaurants Unlimited LCPolar Star Capital Partners LLCRestaurants---6/11/2018The Quizno's Master LLCHigh Bluff Capital PartnersRestaurants---6/11/2018Deep Ellum Brewing Co.Oskar Blues Brewery LLCAlcohol---6/7/2018Farmington Fresh LLCProduce---6/7/2018So Cal Farm NetworkArable Capital Partners LLC; Alpine PacificCapital LLC; ShareholderGrubMarket, Inc.Produce---6/6/2018Everbest Organics, IncStar of the West Milling Co.Ingredients & Flavors---6/5/2018Bertucci's Corp.Earl EnterprisesRestaurants20.00--6/5/2018The Chill Group, Inc. *Life On Earth, Inc.Non-Alcohol---6/4/2018Tecumseh Poultry LLCTyson Foods, Inc.Proteins---6/4/2018Andean Sun Produce LLCSA San MiguelProduce---6/1/2018Tyson Foods, Inc. (Frozen Bakery & Van's Business) *CPG Foods---6/1/2018New England Confectionery Co., Inc.CPG Foods17.30--6/1/2018Top Shelf Beverages, Inc.Blackstone Corporate Private Equity;Kohlberg & Co. LLCMetropoulos & Co.; Sweetheart Candy Co.LLCMolson Coors Brewing Co.Non-Alcohol---5/31/2018WorkFlourishCraftwork Coffee Co.Non-Alcohol---5/31/2018Funky Buddha Brewery LLCRobot Brewing Co. LLCAlcohol---5/31/2018Copperstate Farms LLC *Interactive Capital Partners Corp.Produce---5/25/2018Bare Foods Co. *PepsiCo, Inc.CPG Foods200.00--5/25/2018Frosty Freez, Inc. *Star Buffet, Inc.; 4B's Restaurants, Inc.Restaurants---5/24/2018Atech, Inc. (Colorado)Volm Cos., Inc.Produce---5/24/2018Sweet Green Fields Co. Ltd. *Tate & Lyle PlcIngredients & Flavors---5/23/2018Shepherd Gourmet Dairy (Ontario), Inc.Saputo, Inc.Dairy78.281.75x-5/22/2018Penick Produce Co., Inc.Alexander Farms LLCProduce---5/21/2018Kruger Commodities, Inc.Darling Ingredients, Inc.Ingredients & Flavors---5/21/2018BR Associates, Inc. (76 Restaurantsin IN)Long John Silver's LLCRestaurants---5/18/2018Keynes Brothers, Inc. *The Mennel Milling Co.Ingredients & Flavors---5/17/2018Zipfizz Corp. *KUC Holding Co. Ltd.Non-Alcohol80.001.48x-5/17/2018Marck Corp. (Personal Meal Business)Trinity Ventures LP; EAT Club, Inc.; FirstRound Capital; August Capital MasterManagement Co. LLC; Sodexo VenturesFrance SASUCPG Foods---5/16/2018Carolina Beverage Group LLCAlcohol---5/15/2018Bartlett & Co. (Missouri) *Brynwood Partners; Cold Spring BrewingCo.Savage Cos.Ingredients & Flavors---5/15/2018Panera Bread Co. (38 Cafes)Manna Development Group LLCRestaurants---5/14/2018Star City Brew Co. ment6/28/2018Backyard Vineyards, Inc.Diamond Estates Wines & Spirits, Inc.6/28/2018Aliments Triomphe, Inc.Olymel LP6/27/2018Pinnacle Foods, Inc. *Conagra Brands, Inc.CPG Foods6/27/2018Shooting Gallery Wines LLC (Locations Brand) *E.&J. Gallo Winery, Inc.6/26/2018Atlantico Rum Co. LLCDomaine Select Wine & Spirits LLC6/26/2018NatureStar Foods, Inc.6/26/2018
Amount( in Mil)TEV/RevTEV/EBITDAProteins---Ingredients & Flavors---Ingredients & Flavors88.84--5/7/2018Crefica SL; Calliopsis LLC; Duncanson SL;ShareholdersStarbucks Corp. (Consumer & Foodservice Business) * Nestlé SACPG Foods7,150.00--5/7/2018Barteca Holdings LLCDel Frisco's Restaurant Group, Inc.Restaurants325.002.54x10.25x5/7/2018Purple Carrot Co.Fresh Del Monte Produce, Inc.CPG Foods---5/7/2018Tierra Nueva Fine Cocoa LLCProspEquity Partners LLCCPG Foods---5/7/2018G&S Foods, Inc.MAW Acquisition Co. LLCCPG Foods---5/7/2018Reborn Global Holding, Inc.Capax, Inc.Non-Alcohol---5/6/2018Tate's Bake Shop, Inc.Mondelez International, Inc.CPG Foods500.00--5/3/2018Sarpes Beverages LLCHarvest One Cannabis, Inc.Non-Alcohol26.904.48x-5/3/2018Double Trouble Brewing Co.Old Tomorrow Ltd.Alcohol---5/3/2018Catch 22 Liny Corp. *Starfish Investor LLC; ShareholdersRestaurants1.70--5/1/2018Rain Forest Nutraceuticals, Inc. *GVCL Ventures, Inc.Ingredients & Flavors0.45--4/30/2018Oversea DeWied International LLCOversea Casing Co. LLCProteins---4/30/2018Famoso, Inc.ShareholdersRestaurants---4/27/2018Cuba Beverage Co. *A-EN Communications Ltd.Non-Alcohol4.99--4/27/2018Abeja Inn & Winery (Vineyards)ShareholdersAlcohol---4/26/2018Old Orchard Brands LLCLassonde Industries, Inc.Non-Alcohol156.001.51x9.87x4/24/2018Steep N Brew Coffee Co.Generations Coffee Co. LLCNon-Alcohol2.89--4/24/2018Hoopla Frozen Yogurt LLC (5 Stores)Restaurants---4/23/2018ELXSI Corp.Boxwood Capital Partners LLC; SweetFrogEnterprises LLCSPX ts USA, Inc.The Winebow Group LLCAlcohol---4/23/2018The Bevy BistroOsprey Capital LLCRestaurants---4/20/2018Papa Murphy'S Holdings, Inc. (Colorado Stores) *Fresh Take LLCRestaurants7.70--4/20/2018Martha Clara VineyardsShareholdersAlcohol15.00--4/18/2018Heitz Wine CellarsHeitz Wine Cellars /Lawrence/Alcohol180.00--4/18/2018Porter Apple Co.Legacy Apple LLCRestaurants---4/17/2018Hearthside Food Solutions LLCCPG Foods2,400.00--4/13/2018Al Dente Pasta Co.Charlesbank Capital Partners LLC; PartnersGroup; Hearthside Food Solutions LLCALB-GOLD Teigwaren GmbHIngredients & Flavors---4/12/2018Oberto Sausage Co.Premium Brands Holdings Corp.Proteins---4/12/2018McLean Meats, Inc.Premium Brands Holdings Corp.Proteins---4/9/2018National Beef Packing Co. LLCNBM US Holdings, Inc.Proteins1,900.00--4/9/2018Smitty's Canada Ltd.Equicapita Income TrustRestaurants---4/4/2018C.H. Guenther & Son, Inc.PPC Partners Ltd.; ShareholdersIngredients & Flavors---4/4/2018Rosa Mexicano Brands, Inc.TriSpan LLPRestaurants---4/3/2018HF Group Holding Corp. *Atlantic Acquisition Corp. (New York)Restaurants199.90--4/3/2018GFBC, Inc.WC IPA LLCAlcohol---4/3/2018Temple Turmeric, Inc.Ingredients & Flavors---4/2/2018Wellshire Farms, Inc.Fireman Capital Partners LLC; Dunn's RiverBrands LLCLand O'Frost, Inc.Proteins---4/1/2018King's Food Products, Inc.Deli Star Corp.Ingredients & Flavors---DateTargetBuyer(s)Segment5/13/2018North Landing Ltd. LLC *Bakkafrost P/F5/9/2018Archer Daniels Midland Co. (Grain Facility) *Landus Cooperative5/8/2018California Olive Ranch, Inc. *
Financial Buyer Inv. Date Select Corporate Investments Brynwood Partners 5/16/2018 Carolina Beverage Group LLC 8/3/2017 Cold Spring Brewing Co. 12/7/2016 Nestle Healthcare Nutrition, Inc. (Nutrament Bus) 11/1/2016 Faribault Foods, Inc. (Beverage Business) 1/14/2016 42199 Sunny Delight Beverages Co. Wind Point Advisors LLC 1/30/2018 California Natural Products Inc
percent is generated through the sales of food and beverage. Even though room sales is supposedly more perishable product of a hotel as compared to food and beverage sales, but the importance of food and beverage sales cannot be taken away as the majority of the publicity and reputation of the organization largely depends on food and beverage .
ABB drives for food and beverage industry: — 01 Micro and machinery drives — 02 A, B General purpose drives — 03 Industrial drives — Drives and automation for food and beverage industry — 01 — 02 A — 02 B Drives are an important tool to deliver safety for food and beverage machinery. ABB's Variable Speed Drives (VSD) have been used
Beverage Marketing Corporation utilizes an integrated model for providing information, analysis and advice to beverage industry clients -3- Copyright 2016 Beverage Marketing Corp. Introducing The Beverage Packaging Data MODULE The latest addition to Beverage Marketing Corporation's DrinkTell Database with Market Forecasts!
Beverage Marketing Corporation utilizes an integrated model for providing information, analysis and advice to beverage industry clients -3- Copyright 2016 Beverage Marketing Corp. The Shifting Beverage Landscape Agenda I. Market Overview II. Key Trends III. Category Updates IV. Projections -4- Copyright 2016 Beverage Marketing Corp.
Your Food and Beverage Certificate (FB) is a subordinate permit to your primary permit and will be printed on the face of the primary permit. The primary business at your establishment must be food service as long as you are maintaining the Food and Beverage Certificate. Alcoholic beverage sales cannot exceed 60% of gross receipts of the licensed
the food products and beverage industry of bangladesh 3.2 types of foods and beverages products made in bangladesh. 16 3.3 impact on bangladesh gdp 18 3.4 employment opportunities 21 3.5 strategic issues in bangladesh. 22 3.6 swot analysis of food and beverage of bangladesh 23 3.6.1 strengths of bangladesh foods and beverage industry 24 3.6.2 weakness of foods and beverage industry of .
increases for food and beverage employees. 2 Food and Beverage Service: Further Actions Needed to Address Revenue Losses Due to Control Weaknesses and Gaps, Report No. E‐11‐03, June 23, 2011. 3 Food and Beverage Service: Potential Opportunities to Reduce Losses, Audit Report OIG‐A‐2014‐001, October 31, 2013.
and beverage industry Food and beverage manufacturers transform inputs into value-added products, which are then distributed to food retailers, food service establishments and consumers. The largest food and beverage processing segment in Canada is meat processing, which accounts for 17% of the industry, followed by bakery (14%) and dairy (9%).
