With challenging conditions and weak economies damaging sales growth in key markets for the dairy industry, the latest annual Rabobank survey suggests dairy giants will need to acquire or merge with more companies to sustain growth rates as big deals become harder to come by.
Rabobank Group, a wholesale and retail banking provider, says 2013 was a challenging year for dairy companies, which saw stagnant sales volumes. By contrast, in 2013, there were 124 dairy transactions, the highest since 2007.