59 acquisitions in November
November was a moderate month for food and drink mergers and acquisitions, with 59 transactions recorded on the bevblog.net database.
Just 3 involved sums of $500 million or more and none exceeded $1 billion.
• $970 million for Brazil’s Marfrig to increase its stake in US based National Beef Packing Company from 51% to 82%
• $925 million for Taiwan’s FCF Fishery to take US based Bumble Bee Foods out of bankruptcy protection
• €500 million sales from Biscuit International in France for the private equity handover from France’s Qualium to US based Platinum Equity.
Of the 59 total, 12 were in soft drinks, 9 in alcohol, 7 in ingredients and 3 each in bakery, dairy and services.
29 were within individual countries, of which 18 were in the United States and 5 in the United Kingdom. 30 were international, covering 20 countries.
Among the 59, 34 involved the United States, 11 United Kingdom, 8 Netherlands, 6 Spain, 5 Switzerland and 3 apiece for Australia, Austria and Italy.