79 acquisitions in January
January 2020 saw a near record number of food and drink transactions, with 79 reported in the zenithglobal.com mergers and acquisitions database.
The three previous monthly records were:
- 80 in August 2018
- 72 in July 2017
- 62 in September 2014.
Despite the high number of almost 4 per working day, only 2 amounted to more than $500 million in value:
- £6,000 million in food delivery for Dutch-based Takeaway.com to buy UK-based Just Eat
- $775 million in water dispense for Cott to purchase Primo Water in the United States.
Of the 79 total, 15 were in soft drinks and 12 in alcohol, followed by 5 in dairy, food delivery and ingredients, then 4 each in meat and nutrition.
9 were in a range of free-from categories including plant-based and meat-free.
Unusually, the vast majority were within individual countries – 55 overall, including 38 in the United States, 8 in the United Kingdom and 4 in France.
24 were international, spanning 21 countries.
Among the 79 total, 53 involved the United States, 13 the United Kingdom, 5 France, 3 the Netherlands and 3 Switzerland.