58 acquisitions in June
A total of 58 transactions were recorded in the bevblog.net mergers and acquisitions database for food and drink deals in June 2018.
3 topped $500 million, with one of them amounting to over $10,000 million:
• $10,900 million in frozen food for Conagra to buy Pinnacle Foods in the United States
• £1,450 million in packaging for UK-based DS Smith to purchase Spain-based Europac
• $600 million also in packaging for Platinum Equity to gain 51% of Ball’s steel food assets in the United States.
12 of the equity initiatives were funding rounds of various kinds.
Of the 58, 13 were in alcohol, 7 in soft drinks, 5 in packaging, 5 in services and 3 each in dairy, ingredients, meat and snacks.
35 were within individual countries, including 24 in the United States and 7 in the United Kingdom.
23 were international, involving 20 countries.
Overall, the United States featured in 33, the United Kingdom in 17, Spain in 4, France in 3 and the Netherlands in 3.