43 acquisitions in April
We’re heading for more than 500 international food and drink industry transactions being recorded on the bevblog.net database this year, with another 43 registered in April.
Three were particularly big, all over $2,500 million:
- $3,600 million for China Resources Holdings to consolidate its non-beer activities.
- €3,240 million for US-based XPO Logistics to buy France’s Norbert Dentressangle.
- €2,600 million for UK-based Nomad Foods to purchase 91% of Iglo in frozen food.
Among the 43 total, 8 were in alcohol, 8 in soft drinks, 6 in ingredients, 5 in packaging and 3 in dairy.
21 countries were affected. Uniquely, the United Kingdom featured in more than the United States – 16 to 15. 3 more countries were involved in 5 each – Germany, Ireland and the Netherlands, followed by China and France on 3 apiece. The United Kingdom was by far the biggest seller, making 8 disposals to other countries.