Opinion
36 acquisitions in August 2010
August was another big month for transactions, with 36 recorded around the world. I’ve also picked up three more from July.
11 of August’s 36 were in alcohol, nine in dairy, seven in soft drinks and four in other food. 18 were single country deals – seven in the US, four in the UK and two in Japan.
Of the 18 international transfers involving 24 countries, Switzerland was the most acquisitive with four (two by Nestlé and two by Emmi), and the US made the most sales at five.
The only sale over $1bn was in vending.
July 2010
- Labels – Multi-colour Corporation from US to buy Guidotti CentroStampa of Italy (€50.5m).
- Ingredients – (US) SensoryEffects buys assets from Food Ingredient Technologies.
- Ingredients – (US) SensoryEffects buys liquid vitamin ingredient business from Cargill.
August 2010
- Food – Nestlé from Switzerland completes purchase of Vitaflo in UK (CHF 40m sales).
- Dairy – (US) Darigold to absorb Country Classic Dairies.
- Beer – Diageo from UK to buy Serengeti Breweries in Tanzania through East African Breweries.
- Wine – UK private consortium buys Forth Wines from Matthew Clark.
- Beer – Belgium’s Duvel Moortgat buys De Koninck.
- Dairy – (UK) Barber and Ashley Chaste merge (£60m sales).
- Food – Irish Food Processors Group buys Dalepak Frozen Foods from Northern Foods of UK (£6.4m).
- Beer – (US) Craft Brewers Alliance to buy Kona Brewing Co.
- Dairy – (US) Swiss Valley Farms buys Faribault Dairy Co.
- Vending – (UK) CVC Capital Partners private equity group to buy 89% of Autobar from Charterhouse private equity firm (€1.2bn).
- Powdered drinks – Nestlé from Switzerland to buy majority of Mahler in Guatemala.
- Dairy – Unilever from UK/Netherlands to buy Diplom-Is in Denmark from Tine of Norway.
- Frozen Food – (US) Seneca buys Unilink from Pennsylvania Food Group.
- Packaging – (US) Graham Packaging to buy Liquid Container ($568m).
- Dairy – Ireland’s Kerry to buy Newmarket Co-operative Creameries (€33m).
- Dairy – Wimm-Bill-Dann of Russia buys back 18.4% stake from Danone of France ($470m).
- Hot drinks – Lavazza from Italy to buy 7% of Green Mountain Coffee Roasters in US.
- Fruit juice – (US) Mistral Equity Partners buys Country Pure Foods from affiliates of First Atlantic Capital and DN Partners.
- Ingredients – Danisco from Denmark buys Research Solutions in South Africa.
- Soft drinks – Refresco from Netherlands buys Soft Drinks International in Germany (€140m sales).
- Wine – Australia’s Stephen Tobin family buys Amberley Estate from Constellation Wines of US.
- Beer – SABMiller from UK to buy remaining 31% of Accra Brewery in Ghana.
- Coffee – (US) Starbucks buys remaining 11% of Brazil joint venture from Alsea of Mexico.
- Bakery – Argentina’s Tentissimo buys Delicity from General Mills of US.
- Beer – Carlsberg from Denmark transfers 10% of Derbes in Kazakhstan to Baltika of Russia.
- Beer – (UK) Stonegate to buy 330 pubs from Mitchells & Butler (£373m).
- Beer – (US) Labatt owner KPS Capital Partners buys Independent Brewers United.
- Dairy – Emmi from Switzerland buys Cypress Grove of US ($10m sales).
- Dairy – Emmi from Switzerland buys outstanding shares in Contract Aseptic & Specialty Packaging of US ($6m sales).
- Beer – (Dutch) Anheuser-Busch InBev to buy 15% stake in Venezuela joint venture with Cerveceria Regional from Cisneros family.
- Fruit juice – France’s Danone buys Immedia smoothie producer (€4m sales).
- Fruit juice – Malaysia’s Fraser & Neave to buy 23% stake in Cocoaland (RM 54.6m).
- Soft drinks – Asahi from Japan to buy P&N Beverages of Australia (A$364m).
- Wine – Japan’s Kirin to buy remaining 49.9% of Mercian ($127m).
- Dairy – Israel’s Bank Leumi to buy 21% stake in Tnuva from Mivtach Shamir.
- *Vegetable juice – Japan’s Coca-Cola West to buy Q’sai from Daiwa Securities and Polaris Capital ($421m).
Richard Hall is chairman of Zenith International. You can also read his blog at BevBlog.
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Richard Hall is chairman of Zenith International.
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