39 acquisitions in June
June saw fewer food and drink industry transactions recorded in the bevblog.net mergers and acquisitions database than for May or April but more than in March.
Many huge deals were in the process of being closed, but only two announced during the month amounted to more than $500 million.
• $578 million for Canada’s Cott to buy the Eden Springs water cooler business based in Switzerland.
• $575 million for Coca-Cola and Coca-Cola Femsa to purchase the AdeS soy-based business in Latin America from Unilever.
Of the 39 total, 9 were in alcohol, 8 in soft drinks, 6 in packaging, 4 in ingredients and 3 in dairy.
Just 10 were international, spread across 12 countries. As many as 29 were within national borders – 18 in the United States, 7 in the United Kingdom and 4 in France.