’55 acquisitions in June’

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:

• $1.146 billion in packaging for UK-based DS Smith to buy an 80% stake in US-based Interstate Resources
• $1 billion in spirits for UK-based Diageo to acquire US-based Casamigos

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

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.