42 ACQUISITIONS IN MAY/JUNE
That’s more than earlier in 2010. And some were sizeable too.
Five involved sums in excess of US $1billion. Three of these were dairy mergers: Sodiaal absorbing Entremont in France, taking combined sales to €4.0 billion; Eurial and Glac also joining forces in France, adding up to €1.3 billion in sales; and Danone linking up with Unimilk in Russia, bringing together sales of €1.5 billion. The other two were the European speciality chemicals purchase of Cognis by BASF for €3.1 billion and the US acquisition of Michael Foods by GS Capital Partners for $1.7 billion.
Of the 42 deals, 9 were in dairy, 8 in soft drinks, 5 in alcohol, 5 in packaging and 14 in other food sectors. 12 took place within the borders of the United States, 5 within France and 4 within the United Kingdom. Among the 17 international transactions, the United States was the main acquirer and China the leading seller.
Five involved sums in excess of US $1billion. Three of these were dairy mergers: Sodiaal absorbing Entremont in France, taking combined sales to €4.0 billion; Eurial and Glac also joining forces in France, adding up to €1.3 billion in sales; and Danone linking up with Unimilk in Russia, bringing together sales of €1.5 billion. The other two were the European speciality chemicals purchase of Cognis by BASF for €3.1 billion and the US acquisition of Michael Foods by GS Capital Partners for $1.7 billion.
Of the 42 deals, 9 were in dairy, 8 in soft drinks, 5 in alcohol, 5 in packaging and 14 in other food sectors. 12 took place within the borders of the United States, 5 within France and 4 within the United Kingdom. Among the 17 international transactions, the United States was the main acquirer and China the leading seller.
| Apr | Beer | US Griffin Group buys Anchor Brewing | |
| May | Packaging | O-I from US to buy majority of Cristalerias Rosario in Argentina | |
| Packaging | US Berlin Packaging to buy All-Pak | ||
| Dairy | Unilever increases stake in Strauss Ice Cream of Israel from 51% to 90% | ||
| Soup | France’s Soup’ Ideale buys closed plant from Bongrain | €10m | |
| Alcohol | UK Global Brands buys Inspirit Brands | ||
| Beer | Molson Coors from US to buy 51% of Hebei Si’hai Beer Company in China | $40m | |
| Foodservice | Spain’s Pascual buys Azkoyen Hosteleria | €33m | |
| Coffee | US Green Mountain to buy Diedrich Coffee | $300m | |
| Packaging | Berli Jucker and O-I from US buy Malaya Glass Products from Fraser & Neave | $260m | |
| Fruit juice | Brazil’s Citrosuco and Citrovita to merge | $895m sales | |
| Soft drinks | Britvic from UK to buy Fruité in France | €237m | |
| Dairy | US DairiConcepts joint venture between Fonterra of New Zealand and Dairy Farmers of America from US buys US cheese business of Swiss Valley Farms from Rochester Cheese | ||
| Dairy | France’s Agrial to buy milk collection business of Elle & Vire along with 10% of Compagnie Laitière Européenne | ||
| Jun | Baby food | UK Darwin Private Equity buys Plum Baby | £10m |
| Dairy | France’s Sodiaal to buy Entremont | €4.0bn sales combined | |
| Dairy | Carlyle private equity group from US to buy minority stake in Tirumala of India | $23.4m | |
| Water | US Primo to buy Culligan vended water business | $105m | |
| Beer | Carlsberg from Denmark to increase stake in Chongqing Brewery of China from 17.5% to 29.7% | $379m | |
| Nutrition | Danone from France to buy Medical Nutrition USA | $62m | |
| Bottled water | France’s Eurokin buys Arvie brand from Danone | ||
| Fruit juice | Thurella from Switzerland sells Biotta in US to local management | ||
| Snacks | US J & J Snack Foods buys assets of California Churros | $11m sales | |
| Dairy | Austria’s Berglandmilch and Tirol Milch to merge | ||
| Bottled water | US DS Waters buys assets of Chester Mountain | ||
| Packaging | Ball Corporation from US buys can making plant of Guangdong Jianlibao in China | ||
| Packaging | US Amcor to buy assets of Ball Plastics Packaging Americas from Ball Corporation | $280m | |
| Dairy | Danone from France to buy 57.5% of joint venture with Unimilk in Russia | €1.5bn sales combined | |
| Beer | Asia Pacific Breweries joint venture between Heineken of Netherlands and Fraser & Neave of Malaysia buys 75% stake in Rock Ember of New Zealand from CHC Trustees | ||
| Food | IK Investment Partners to buy majority of Agros Nova in Poland from ITR Investment Partners | PLN 950m sales | |
| Ingredients | US Corn Products International to buy National Starch from Akzo Nobel | $1.3bn | |
| Dairy | France’s Eurial and Glac co-operatives to merge | €1.265 bn sales combined | |
| Food | Heinz from US to buy Foodstar in China from Transpac | $165m | |
| Ingredients | BASF from Germany to buy Cognis of Luxembourg from Permira and other interests | €3.1bn | |
| Sugar | Shree Renuka Sugars from India to buy 50.3% of Equipav in Brazil | Rupees 11.5bn | |
| POU coolers | US CoolerSmart buys Health Concepts | ||
| Soft drinks | Coca-Cola Hellenic from Greece to buy remaining 11% of Coca-Cola HBC Serbia | €16.9m | |
| Drinks wholesale | UK Manfield Partners and management buy Waverley TBS from Heineken of Netherlands | £500m sales | |
| Confectionery | Lotte from Korea to buy Wedel in Poland from Kraft of US | ||
| Food | Ralcorp from US completes purchase of Sepp’s Gourmet Foods in Canada | ||
| Food | US ConAgra completes purchase of assets of American Pie | ||
| Dairy | UK Kerrygold Company and North Downs Dairy to merge as Adams Foods | £335m sales | |
| Food | US GS Capital Partners completes purchase of Michael Foods from Thomas H Lee Partners | $1.7bn |
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