I wondered when it would happen. The September 2014 record of 62 food and drink transactions registered on the bevblog.net database was broken in July 2017 when there were 72.
Many of them were substantial, with ten over $500 million, including five above $1 billion:
Of the 72 total, ten were in alcohol, nine in dairy, eight in soft drinks, six in meat, five in bakery, four in ingredients, four in plant-based, three in confectionery and three in packaging.
41 were international and 31 within national borders, 22 of them in the United States.
Overall 37 involved the United States, eight the United Kingdom, six France, six the Netherlands, five Mexico (all purchases), four Canada (all sales), four Germany, four Italy and four Switzerland. Australia, China and Spain each contributed three. 17 other countries were affected as well.
Highlights: other acquisitions in July
Campbell’s in $700m deal for organic soup rival Pacific Foods
Grupo Bimbo agrees to buy US baker East Balt for $650m
AB InBev expands non-alcoholic portfolio with Hiball acquisition
WestRock acquires Australian packager Hannapak for $60m
Gruppo Campari sells off Irish Mist and Carolans for $165m
Italy’s Bevco Group acquires SodaStream Professional
For more mergers and acquisitions, see our dedicated M&A feed here.
© FoodBev Media Ltd 2017