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  • 42 ACQUISITIONS IN MAY/JUNE
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6th July 2010 Mergers & Acquisitions

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.


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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