49 ACQUISITIONS IN NOVEMBER/DECEMBER
It’s difficult to keep up. The number of food and beverage transactions I’ve recorded in the past two months rose to 49.
13 were in the dairy industry, 12 in soft drinks, 10 in alcohol and 7 in other food sectors.
US companies were involved in 16 and French in 6, followed by Japan, the Netherlands, Switzerland and UK on 5 each.
Japanese drinks companies were among the most active buyers, led by Suntory on 3. Switzerland’s Emmi and Nestlé made 5 purchases between them. New Zealand’s Fonterra bought 2 and sold 1. Britain’s Uniq and Holland’s FrieslandCampina sold 2 apiece.
| Nov 09 | Bottled water | US Crystal Springs buys Cohutta Water | |
| Bottled water | Spain’s Importaco increases stake from 31% to 62% in Agua de Cortes | $213m |
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| Packaging | Ball Corporation from US to buy $90m outstanding 65% of Sansui beverage can joint venture from Guangdong Jianlibao of China | $90m | |
| Ingredients | Danisco from Denmark to buy Sorbial agricultural biotechnology business from Valleé of France | €1m sales | |
| Food | IFR Capital buys German and Polish businesses from Uniq of United Kingdom | £25.7m | |
| Soft drinks | Suntory from Japan completes purchase drinks of Orangina Schweppes based in France from Blackstone and Lion investment groups |
€2.6 bn est |
|
| Fruit juice | China’s Yantai North Andre Juice Co to increase stake from 30% to 40% in Andre Pectin | $3.6m |
|
| Food | Gilde Equity Management of Benelux buys Netherlands businesses from Uniq of United Kingdom | €20m |
|
| Beverage | US Nestlé Professional to buy Vitality Foodservice from Goldner Hawn Private Equity | ||
| Bottled water | UK Highland Spring to buy Greencore Water from Greencore of Ireland | £17.5m | |
| Dairy | Nestlé of Switzerland to buy Parmalat Brasil from Laep Investments | $59m |
|
| Ingredients | Symrise from Germany to buy Futura Labs of Egypt and UAE |
$15m sales |
|
| Dairy | Arla from Sweden buys outstanding 25% of Arla Foods Fonterra UK joint venture from Fonterra of New Zealand | ||
| Food | US World Finer Foods buys Liberty Richter from Royal Wessanen of Netherlands | $31m sales |
|
| Beverage | Font Salem, part of Damm in Spain, to buy Santarem plant from Drink In of Portugal | €15.5m |
|
| Food | Taiwan’s Sinkung buys certain activities from McCain |
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| Spirits | India’s United Spirits buys Tern Distilleries | ||
| POU coolers | Brita from Germany buys Waterhouse brands | $111m | |
| Fruit juice | China’s SkyPeople Fruit Juice buys juice Yingkou Trusty Fruits | $3.3m |
|
| Dairy | Productos Lacteos Centroamericanos buys 51% of Parmalat Centroamerica from Parmalat of Italy |
€25m sales |
|
| Food | Philippines’ Top Frontier Investment Holdings buys 28% of San Miguel | $1.36bn |
|
| Cider | C & C from Ireland to buy Gaymer United Kingdom from Constellation Brands of United States |
£45m |
|
| Food | US Brynwood Partners buys Balance Bar energy bar brand from Kraft Foods | ||
| Cider | UK Aston Manor Brewery buys Devon Cider |
||
| Dairy | France’s Alsace Lait buys Savoie Yaourt from Fruité |
€15m sales |
|
| Dec 09 | Coffee | US Green Mountain buys Timothy’s Coffee | $157m |
| Dairy | DeltaMilk from United States completes purchase of Bleskensgraaf cheese plant from FrieslandCampina of Netherlands | €140m sales |
|
| Fruit | Eckes-Granini from Germany to buy | ||
| Juice | Remaining 49% of joint venture with Damm in Spain | ||
| Wine | France’s Vranken Pommery buys outstanding 45% of Listel | ||
| Beer | CVC Capital Partners from United Kingdom completes purchase of central Europe operations from Anheuser-Busch InBev of Belgium | $2.2 - 3.0 bn |
|
| Dairy | Agropur from Canada to buy Green Meadow Foods of United States |
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| Soft drinks | Suntory from Japan to buy Pepsi bottler Conway-Myrtle Beach of United States |
$113m |
|
| Beer | Heineken from Netherlands to buy Asia Pacific Breweries of India |
€25m |
|
| Dairy | Switzerland’s Emmi buys customer base of Kellenberger Frisch Service |
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| Coffee | US Green Mountain to buy Diedrich Coffee |
$200m + |
|
| Drinks | H Pixel International Trade from Israel to buy brands from Drinks Americas of United States |
$0.15m |
|
| Soft drinks | Kirin from Japan to buy extra 35% of Shanghai Jinjiang Kirin joint venture from Jinjiang International of China | $18m |
|
| Dairy | Fonterra from New Zealand to buy remaining 51% of Saudi New Zealand Dairy Products Co joint venure from Saudi Dairy & Foodstuff Co |
NZ$45m |
|
| Beer | Sapporo from Japan to buy 65% of Vietnam National Tobacco joint venture from Carlsberg of Denmark and Vietnam National Tobacco |
$25m |
|
| Dairy | Danone from France to buy remaining 45% of Danone Clover joint venture from Clover of South Africa |
$143m |
|
| Wine | Suntory from Japan to buy 70% of importer ASC Fine Wines of China from Wine Holding of Austria | $88m sales |
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| Cheese | Emmi from Switzerland to buy 25% of packaging specialist Diprola in France |
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| Cheese | Emmi from Switzerland to take minority Stake in Venchiaredo of Italy |
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| Bottled water | US DS Waters buys OWaters | ||
| Beer | Philippine’s San Miguel Brewery to buy international beer business from parent San Miguel Corp |
$300m |
|
| Food | Heinz from US buys remaining 49% of Cairo Food from Egypt |
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| Soft drinks | US Treehouse Foods to buy Sturm Foods Foods from HM Capital private equity firm |
$660m |
|
| Dairy | International Dairy and Juice joint venture between PepsiCo of US and Almarai of Saudi Arabia buys Beyti of Egypt from Almarai |
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| Dairy | DMV-Fonterra Excipients joint venture between Fonterra of New Zealand and Royal FrieslandCampina of Netherlands to buy FrieslandCampina Domo-Pharma from Royal FrieslandCampina |
NZ$106m |
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