June saw 55 food and drink transactions recorded on the bevblog.net mergers and acquisitions database.
Three involved sums in excess of $1 billion. The biggest, at $3.5 billion, was for just a 1.25% stake. The buyer was US based Third Point, taking a strategic interest in the world’s biggest food group, Nestlé.
The other two over $1 billion were:
Among the 55 total, 11 were in alcohol, eight in soft drinks, seven in packaging, five in ingredients, four in meat and three in dairy.
29 were within national borders, 16 of these in the United States, six in the United Kingdom and three in Canada.
26 were international, covering 25 countries.
Of the total, 28 featured the United States, 14 the United Kingdom, five Canada, four Italy, three France and three Ireland.
Highlights: acquisitions in June
Asahi sold its remaining 20% stake in Chinese soft drinks venture Tingyi-Asahi
Sonoco improved its offering in the retail perimeter with a $170m Clear Lam deal
Campari pulled out of still wines with the €20.5m sale of Château de Sancerre
Pernod Ricard bought into mezcal with a major stake in Del Maguey
Cargill acquired Colombian meat processor Pollos El Bucanero
Jacobs Douwe Egberts completed the acquisition of Singapore’s Super Group
For more mergers and acquisitions, see our dedicated M&A feed here.
© FoodBev Media Ltd 2021
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