Opinion from global food and drink experts, Zenith Global

72 acquisitions in February

March 7th, 2019 | Posted by Richard Hall in Richard Hall

A shorter month, but more acquisitions. February saw 72 food and drink transactions recorded on the bevblog.net mergers and acquisitions database.

PepsiCo’s $465 million purchase of CytoSport from Hormel Foods was only the fifth biggest, with 4 others involving sums greater than $500 million.

• £975 million for Canada’s Saputo to acquire Dairy Crest in the United Kingdom

• $1,000 million for South Korea’s MBK private equity to buy Godiva chocolate production in Belgium and licences in Asia from Turkey’s Yildiz Holding

• $750 million for Britain’s Marks & Spencer to take a 50% stake in the UK online food delivery operations of Ocado

• $538 million additional sales gained by Japan’s Nisshin Seifun in winning Australia’s Allied Pinnacle bakery business from Pacific private equity.

Out of the 72 total, 11 were in soft drinks, 9 in alcohol, 8 in dairy, 6 in ingredients, 5 in packaging, 4 in snacks and 3 in meat.

Among the newcomer sectors, 2 were in cannabidiol, 1 in insects and 1 vegan. 13 were funding rounds.

43 of the 72 were within individual countries, with 25 in the United States, 10 in the United Kingdom and 3 in Canada. 28 were international.

Overall, 30 countries were involved. The United States featured in 36, the United Kingdom in 15, Canada in 5, France in 5, Australia in 3, Italy in 3, Netherlands in 3 and Switzerland in 3.

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