In the intertwined fates of two companies, we see a painful lesson in high finance apparent in this, our 40th annual Top 100© listing of U.S. and Canadian food and beverage processors: Don’t expand too much too soon. If it weren’t for a little financial sleight-of-hand, ConAgra Foods and Post Holdings might be the same company at this point. So there’s no telling how that would have impacted (or compounded?) their respective $607 million and $359 million losses, the biggest on our table. Post, which moved up from No. 85 last year to No. 49, can claim the biggest one-year sales jump on our chart on (up 133 percent). After this cereal-only company was spun off in a…Full Story
Last year brought busy times for food industry mergers and acquisitions.