Record 62 acquisitions in September
September was a record month for food and drink sector transactions, with 62 listed on the bevblog.net database including 19 in the first 4 days alone.
8 involved sums over $500 million and 3 of these more than $1,000 million:
• $4,600 million sales from the proposed new terms of merger between fruit businesses Chiquita of the United States and Fyffes of Ireland
• $1,400 million for Japan’s Mitsubishi to buy Norwegian fish producer Cermaq
• $1,225 million for US Crown Holdings to purchase Heineken’s Empaque packaging operations in Mexico.
Among the 62 total, 11 were in soft drinks, 9 in dairy, 8 in alcohol, 6 in packaging, 4 in ingredients and 4 in nutrition.
30 were international and 32 within national borders, 24 of these solely in the United States.
28 countries featured overall, with 36 involving the United States, 6 the United Kingdom, 5 Japan, 4 Brazil and 4 Ireland.
It should also be noted that August’s largest prospective deal relating to Treasury Wine Estates of Australia will not now proceed.