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Record 62 Acquisitions in September

zenith_opt_2September 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.

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.

View all posts by Richard Hall →

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