47 acquisitions in February
February was an energetic month for food and drink transactions, with 47 recorded on the bevblog.net database including 3 over $1 billion:
• C$1,830 million for Mexico’s Bimbo to buy Canada Bread
• $1,300 million for China’s Cofco to take a 51% stake in the Dutch Nidera agribusiness
• $1,250 million for Coca-Cola to gain a 10% share of US Green Mountain Coffee Roasters.
Of the 47, 10 were in packaging, 6 in dairy, 6 in ingredients, 4 in alcohol and 4 in soft drinks.
27 were within national borders and 20 international, spread across 20 countries. The United States featured in 24, the United Kingdom in 13 and China in 5.
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