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Amazon’s foray into groceries means more mergers of food companies, experts say

Reuters
Whole Foods, and its 365 stores, could provide a way for Amazon to change the landscape of the grocery retail business

The pace of mergers and acquisitions in the food industry has gained steam in 2017, and experts are expecting more to come as companies struggle with shrinking margins in a low-price world.

News this week that McCormick & Co. MKC, +1.29% is acquiring Reckitt Benckiser Group PLC’s food business for $4.2 billion is just the latest deal in an industry that is already bracing for a new and scary competitor.

Amazon.com Inc.’s AMZN, -0.29% offer to purchase Whole Foods Market Inc.

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