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38 acquisitions in October

zenith_opt_2October 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.

About Richard Hall

Richard Hall is an acknowledged expert on the international food and drinks sector, chairing and speaking at numerous industry conferences as well as offering independent comment on bevblog.net. Richard has undertaken many consultancy projects over the past 25 years as well as helping form several industry organisations, including the foundation and chairmanship of the Natural Hydration Council and more recently the Yogurt Council in 2013/14. In 2010 he was Series Consultant for the BBC Money Programme series on The Foods That Make Billions.

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