September brought fewer mergers and acquisitions than normal, with under 50 food and drink transactions recorded on the bevblog.net database.
3 topped the $500 million mark:
• $2,000 million in ingredients for Univar to buy Nexeo Solutions in the United States
• 740 million euros for France’s Lactalis to acquire the nutrition business of South Africa’s Aspen Pharmacare.
• $525 million in soft drinks for the newly formed Keurig Dr Pepper to gain Core Nutrition in the United States
Of the 49 total, 7 were in ingredients, 6 in soft drinks and 5 in snacks, with 3 each in alcohol, bakery, confectionery and dairy.
20 countries were involved. 28 deals were within national borders, 17 of these in the United States and 4 in the United Kingdom.
Overall, the United States featured in 26, the United Kingdom in 8 and the Netherlands in 5, followed by France, Germany and Switzerland on 4 apiece.