The American food system has long been populated with foreign companies. Many producers of consumer goods, including household names like Nestle and Unilever, are based abroad. But as mergers and acquisitions have facilitated an even more global food industry, a growing number of seemingly all-American companies are no longer based in the U.S. The consequences of this shift of power and capital overseas include lower taxes on corporations, and a less transparent food system for consumers. To go to our Foreign Ownership page, click here.
Consolidation in the food industry has been facilitated by a large number of mergers and acquisitions in a variety of sectors, ranging from pet food to fertilizer to confections. As the number of remaining independent small producers and processors dwindles, increasingly the largest corporations are taking aim at one another. Heinz’s recent acquisition of Kraft, Tyson’s acquisition of Hillshire, and Suntory’s acquisition of Beam are just a few examples of how the most dominant companies in each sector are continuing on a path of intense consolidation. To go to our table of Mergers & Acquisitions, click here.