48 Acquisitions in November
November saw 48 food and drink transactions recorded on the bevblog.net mergers and acquisitions database, including 4 valued at over $500 million:
• $1,700 million for US soft drinks manufacturer Dr Pepper Snapple to purchase Bai Brands
• £1,200 million for UK services provider Informa to buy Penton Information Services
• $1,000 million for Cofco of China and Swire Beverages of Hong Kong to take on extra Coca-Cola bottling plants in China
• $747.5 million for Ireland’s Greencore to gain Peacock Foods in the United States.
Of the 48 total, 11 were in soft drinks, 9 in alcohol, 6 in packaging, 4 in bakery and 3 each in dairy and equipment.
26 were within national boundaries – 16 of them in the United States and 6 in the United Kingdom.
19 countries were involved overall, with the United States featuring in 29, the United Kingdom in 11, Italy in 4, Ireland in 3, Japan in 3 and the Netherlands in 3.