Over 60 acquisitions in July
July was almost a record month but not quite, with 61 transactions recorded on the bevblog.net international food and drink acquisitions database.
4 involved sums over $500 million, but none over $1,000 million:
• €897 million sales from Spain’s Miquel Alimentacio being taken over by China’s Bright Food Group
• €800 million for Italy’s Lavazza to purchase France’s Carte Noir coffee from Dutch-based Mondelez International
• $680 million for Thailand’s Charoen Pokphand Foods to buy the Russian poultry business of Netherlands-based Agro Invest Brinky
• $640 million for a South Korea packaging joint venture between Saudi Arabia’s Sabic and South Korea’s SK Global Chemical.
Of the 61 total, a sizeable 21 were in alcohol, 11 in packaging, 6 in ingredients, 5 in soft drinks, 3 in dairy and 3 in equipment.
An unusually high 48 were across borders and just 13 were within individual countries.
The United States led with involvement in 19, followed closely by the United Kingdom on 18, then the Netherlands on 9; with Brazil, France and Germany on 5; and China, Ireland and Italy on 4.
The biggest sellers were the United Kingdom on 10, Netherlands on 6 and Brazil on 5.