60 acquisitions in August
Another busy month, despite the holiday season. The bevblog.net mergers and acquisitions database recorded 60 food and drink transactions in August.
3 were worth $1,000 million or more :
• £5,000 million in food delivery for Just East in the UK to merge with Takeaway.com in the Netherlands
• £4,600 million in beer for Hong Kong’s CK Asset Holdings to buy the UK’s Greene King
• $1,000 million in snacks for Simply Good Foods to acquire Quest Nutrition in the US.
Of the 60 total, 11 were in alcohol, 7 in snacks, 6 in soft drinks, 5 in services, 3 in dairy and 3 in hot drinks.
In terms of geography, 33 were international and 27 domestic – 20 in the United States and 7 in the United Kingdom.
27 countries were involved, with the United States featuring in 37 of the 60, the United Kingdom in 14, well ahead of Belgium, Canada, France and Japan on 3 each.