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38 acquisitions in October
October was a less frenetic month for food and drink industry transactions, with 38 recorded on the bevblog.net database. 3 reached the $500 million mark, including 1 above $1,000 million:
$1,300 million for Brazil’s Cutrale and Safra families to buy US based Chiquita, instead of the previously agreed Chiquita merger with Fyffes
$565 million for France’s Danone to purchase 25% of China’s Yashili
$500 million for US based Coca-Cola to purchase 29.4% of Australia based Coca-Cola Amatil’s Indonesia subsidiary.
Of the 38 total, 7 were in dairy, 4 in packaging, 4 in soft drinks, 3 in alcohol and 3 in confectionery.
22 were within national borders and 16 international, involving 22 countries. As always, the United States was most active, with 10 national and 8 international. The United Kingdom featured in 6, then Germany on 4, Italy on 4 and the Netherlands on 3. All 4 Italy deals were sales to foreign companies.