The consumer packaged goods industry is ripe for more mega-mergers like this week's H.J. Heinz and Kraft Foods deal, according to the chief financial officer of a leading food manufacturer.
"It's a brilliant deal," Cem Karakas, the CFO of Yildiz told CNBC Thursday. "(It) was expected to happen at one point in time anyway. And I think that it will also pave the way for further transactions within the U.S. food space because there needs to be further rationalization in the U.S. CPG (consumer packaged goods) industry."