47 acquisitions in October
A total of 47 food and drink industry transactions were recorded on the bevblog.net mergers and acquisitions database in October.
4 of these amounted to more than $500 million, with 2 above $1,000 million.
- $1,840 million for South Korea’s CJ Cheiljedang to buy 80% of Schwan’s frozen food in the United States
- $1,230 million for France’s Lactalis to purchase the natural cheese business of Kraft Heinz in Canada
- $880 million for China’s Legend private equity firm to take 94.47% of Australis Seafoods in Chile
- $550 million for US-based Sazerac to acquire 19 spirits brands from Diageo.
Of the 47, 8 were in alcohol, 4 each in bakery, services and soft drinks, then 3 each in dairy, ingredients and packaging.
28 were within national borders, 15 of these in the United States and 5 in the United Kingdom. 19 were international. 23 countries were involved overall.
22 featured the United States, followed by the United Kingdom on 9, France on 6, with China and Germany on 3 each.