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As many as 56 food and drink industry transactions were registered on the bevblog.net mergers and acquisitions database for May 2016.
Just two were valued at more than $500 million.
Both acquirers are private equity investors.
Of the 56 total, 13 were in alcohol, 13 in dairy, eight in soft drinks, four in ingredients, four in snacks and three in bakery.
The United States featured in 26, the United Kingdom in 12, Germany in ten, Russia in five, Switzerland in five, France in three, Mexico in three and the Netherlands in three.
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