June saw 55 food and drink transactions recorded on the bevblog.net mergers and acquisitions database.
3 involved sums in excess of $1,000 million. The biggest, at $3,500 million, 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 2 over $1,000 billion were:
• $1,146 million in packaging for UK based DS Smith to buy an 80% stake in US based Interstate Resources
• $1,000 million in spirits for UK based Diageo to acquire US based Casamigos.
Among the 55 total, 11 were in alcohol, 8 in soft drinks, 7 in packaging, 5 in ingredients, 4 in meat and 3 in dairy.
29 were within national borders, 16 of these in the United States, 6 in the United Kingdom and 3 in Canada.
26 were international, covering 25 countries.
Of the total, 28 featured the United States. 14 the United Kingdom, 5 Canada, 4 Italy, 3 France and 3 Ireland.