Acquisition activity in the ethnic and specialty food market is in the offering with the growing rates of ethnic populations, reports the Deal.
The $75 billion U.S. ethnic food market includes not just sales of Mexican-Hispanic, Asian and Italian foods, but those of Caribbean, Indian, African, non-Italian Mediterranean, Muslim-Halal, and other emerging cuisines, according to Cathy Jaros, a managing director for Chicago-based Amherst Partners LLC.
She noted that "transactions in ethnic foods will center on restaurant, food service and ingredient companies that supply exotic spices" this year.
With Walmart, Koroger, and other big name retailers now stocking Halal foods it is just about time that we hear about acquisitions in this lucrative field as well.
NEW YORK, March 10, 2008 (News Agencies)