55 acquisitions in July
No sign of a Brexit or uncertainty slowdown in food and drink industry transactions, with 55 recorded on the bevblog.net database for July.
By far the biggest was the $12,500 million dairy sector acquisition of US based WhiteWave by France’s Danone.
The next two were:
• $621 million for Gores private equity to buy 58% of Hostess Brands bakery activities in the United States
• €420 million for Dutch dairy FrieslandCampina and others to purchase 51% of EngroFoods in Pakistan.
Within the 55 total, 11 were in soft drinks, 10 in alcohol, 7 in packaging, then 4 each in bakery, dairy, ingredients and services.
24 countries were involved. 27 were inside national borders – 14 in the United States and 6 in the United Kingdom. 28 were international – 11 involving the United States and 10 the United Kingdom.
Overall, the United States featured in 25, the United Kingdom in 16, the Netherlands in 6, then France and Italy in 4 each.