Antitrust Radar

FY2023 acquired-entity profile / published 3-digit NAICS

31231-33Manufacturing

Beverage and Tobacco Product Manufacturing

This release row records 9 adjusted HSR transactions, 2 agency clearances, and 1 Second Request. It describes acquired-entity classification inside one federal report, not an industry merger rate or a legal antitrust market.

Locate in atlas Compare releases Exact row
Position in FY2023 Table XIRank 31 of 79
Highest adjusted countLowest
Published share
0.5%
-0.2 pp from FY2022
Sector position
10 / 19
2.6% of sector transactions
Beverage and Tobacco Product Manufacturing2.6%
9 row347 sector
Adjusted transactions
9
0.5% published share
Agency clearances
2
2 FTC / 0 DOJ
Second Requests
1
11.1% of row count
Intra-industry flags
0
0.0% of row count
Release continuity
2 / 2
Stable code and label
Position in FY2023 Table XI

Rank 31 of 79

Transactions
9
0.5% share
Clearances
2
2 FTC / 0 DOJ
Second Requests
1
11.1% of row
Intra-industry
0
0.0% of row
Continuity
2 / 2
Stable code and label

Adjacent official releases

Same-code release continuity

Stable code and label

The same 3-digit code and published label appear in FY2023 and FY2024.

FY2023312Beverage and Tobacco Product Manufacturing9 transactions / 0.5%FY2024312Beverage and Tobacco Product Manufacturing9 transactions / 0.5%
Adjusted transactions
FY20239FY20249
0
Published share
FY20230.5%FY20240.5%
0 pp
Agency clearances
FY20232FY20241
-1
Second Requests
FY20231FY20240
-1
Intra-industry flags
FY20230FY20243
+3

Release-to-release sector shifts aggregate each edition's exact published rows inside stable broad NAICS sectors. They are descriptive changes in the federal review pipeline, not merger rates, market-power measures, or causal estimates. Industry codes and labels that enter, exit, or change between tables remain explicit rather than being silently crosswalked.

Published review-stage record

Agency lanes stay separate

FY2023 / exact Table XI fields

Clearances and Second Requests are administrative review stages. Their counts and row-level rates do not indicate liability, remedy, competitive harm, or agency effectiveness.

Agency clearances2Rank 11 of 79
Federal Trade Commission
2
Department of Justice
0
22.2% clearances / row count
Second Requests1Rank 4 of 79
Federal Trade Commission
1
Department of Justice
0
11.1% Second Requests / row count
Intra-industry flags0Rank 7 of 79
Flagged transactions
0
Other row transactions
9
0.0% of row count

An intra-industry transaction means the acquiring and acquired persons both reported revenue in the same 3-digit NAICS code. It does not establish a horizontal overlap, relevant antitrust market, or competitive effect.

Sector peer field

Manufacturing

19 published rows / common count scale

Peers share this report's broad NAICS sector. Ordering uses adjusted transaction count within FY2023; it is not a ranking of market power, importance, or enforcement priority.

  1. 01325Chemical Manufacturing844.8%
  2. 02311Food and Kindred Products412.4%
  3. 03334Computer and Electronic Product Manufacturing372.1%
  4. 04333Machinery Manufacturing342.0%
  5. 05336Transportation Equipment Manufacturing261.5%
  6. 06339Miscellaneous Manufacturing251.4%
  7. 07332Fabricated Metal Product Manufacturing171.0%
  8. 08321Wood Product Manufacturing110.6%
  9. 09326Plastics and Rubber Manufacturing110.6%
  10. 10327Nonmetallic Mineral Product Manufacturing100.6%
  11. 11331Primary Metal Manufacturing100.6%
  12. 12335Electrical Equipment, Appliance, and Component Manufacturing100.6%
  13. 13312Beverage and Tobacco Product Manufacturing90.5%
  14. 14322Paper Manufacturing90.5%
  15. 15324Petroleum and Coal Products Manufacturing70.4%
  16. 16323Printing and Related Support Activities30.2%
  17. 17313Textile Mills10.1%
  18. 18315Apparel Manufacturing10.1%
  19. 19337Furniture and Related Product Manufacturing10.1%
Open the complete sector in the composition atlasPreserve FY2023, sector 31-33, and selected NAICS 312.

Classification passport

Exact labels before analytical joins

Code identity is not a silent crosswalk

The release label, adjacent-release label, and Census 2022 label are shown independently. A matching code supports navigation; it does not prove statistical continuity when labels or source universes differ.

Selected HSR releaseFY2023 / 312

Beverage and Tobacco Product Manufacturing

46th Hart-Scott-Rodino Annual Report (FY 2023)
Adjacent HSR releaseFY2024 / 312

Beverage and Tobacco Product Manufacturing

Stable code and label
2022 Economic Census2022 / 312

Beverage and tobacco product manufacturing

Same normalized code and label
Economy-wide structure context

Beverage and tobacco product manufacturing

Open Census industry profile
Firms
11,425
Employees
268,798
Revenue
$175.0B
CR4
34.2%
HHI
391.8
A NAICS industry is a statistical classification, not a legally defined antitrust market. Use these national revenue concentration measures to screen where deeper product and geographic market analysis may be warranted, not to infer market power or liability.

Evidence custody

One official row, reproducible handoffs

Source checked Aug 14, 2026
Official source

46th Hart-Scott-Rodino Annual Report (FY 2023)

Federal Trade Commission and U.S. Department of Justice

Federal Trade Commission and U.S. Department of Justice Antitrust Division, 46th Hart-Scott-Rodino Annual Report, Fiscal Year 2023, October 2024.Open source dossier

The FY2023 and FY2024 acquired-entity tables classify adjusted HSR transactions by 3-digit NAICS. They describe the federal review pipeline, not industry-wide merger rates, market definitions, competitive harm, or agency performance. Published row shares are independently rounded to one decimal place and therefore sum to 100.3% and 101.5%, respectively, while each official table total remains 100.0%.