Mars has announced plans to acquire Kellanova (K) in a $36 billion deal. Peter Galbo, BofA Securities senior food & beverage analyst joins Market Domination ...
) in a $36 billion deal. Peter Galbo , BofA Securities senior food & beverage analyst joins Market Domination to discuss his outlook on the snack and beverage sector in light of this acquisition.
Peter, explain that to folks who like, break that down a little bit for us, how it makes them a more formidable competitor?Is it a matter of efficiencies in the plants where maybe they can make more than one thing?It's so it's, it's pretty limited in terms of uh the portfolio overlap um between, you know, a lot of the categories.So what it'll do is give Mars um you know, more, more scale.
Uh they were the only company at least in our coverage on the food side that had positive volume growth. Peter, are there any then stocks in your coverage that you think are going to hold up better that actually people should be looking at to buy right now?Um I think, you know, what, what they did that's a little bit different from the peers is they actually kind of recognized the the pressure on volumes earlier uh than some of the peers, they actually started kind of managing the price gaps, particularly against private label very early in the.
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