53 acquisitions in June
53 food and drink industry transactions were added to the bevblog.net mergers and acquisitions database in June.
Only 2 reached the $500 million mark:
• €475 million in foodservice for UK-based Compass to buy Fazer Food Services in Nordics
• $500 million in spirits for Asia’s Hillhouse Capital private equity to purchase a majority of Loch Lomond Group in UK.
Of the 53 deals, 8 were in dairy, 7 in alcohol, 6 in soft drinks and 4 each in equipment and ingredients.
Among the newer categories, there were 2 in vertical farming, 1 in alcohol-free, 1 in CBD, 1 in dairy-free and 1 in liquid food.
27 were within national borders, with 14 of these in the United States and 4 in the United Kingdom. 26 were international.
19 countries featured overall, with the US involved in a total of 22, the UK in 11, France in 5, Germany in 5, Australia in 4, Italy in 4 and Switzerland in 3.