© James Petts/Flickr
An active month – 59 food and drink transactions were recorded on the bevblog.net mergers and acquisitions database during May, including a record 11 on a single day – the 24 May.
Exceptionally, however, there were none over $1 billion or even $500 million. The biggest in May was the $446 million US private equity purchase of Nutraceutical International by HGGC.
Of the 59, ten were in alcohol, ten in soft drinks, five in dairy, five in nutrition and three each in bakery, equipment, frozen food, ingredients, meat and packaging.
The deals took place across 24 countries. 35 were within national boundaries, including 19 in the United States and eight in the United Kingdom. 24 were international.
Overall, the United States featured in 28, the United Kingdom in 14 and Germany in four, then China, France, Ireland, Italy, Netherlands and Spain each in three.
Highlights: acquisitions in May
JM Smucker acquired Wesson oils from Conagra Brands for $285m
Symrise agreed to acquire UK fruit juice supplier Cobell
Lavazza bought premium Canadian coffee roaster Kicking Horse
Krones acquired US-based process systems provider Javlyn
Lactalis bought German milk processor Omira for an undisclosed sum
Fruit and nut snack brand Whitworths was sold to Turkey’s Anatolia
For more mergers and acquisitions, see our dedicated M&A feed here.
© FoodBev Media Ltd 2022
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