Opinion from global food and drink experts, Zenith Global
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40 ACQUISITIONS IN NOVEMBER

December 3rd, 2010 | Posted by Richard Hall in Mergers & Acquisitions

November was a highly energetic month for transactions, with 8 in a single day and 40 overall, the largest by far being a private equity deal over Del Monte Foods for more than $5 billion.

9 were in alcohol, 8 each in dairy and general food, 5 in water coolers, 3 each in ingredients and packaging, and finally 2 each in coffee and soft drinks.

There was a wide spread across 28 countries, led by the US featuring in 10, the UK in 5, Australia, Germany and Russia in 4 each, France, Ireland, Israel and Switzerland in 3 each.

December has kicked off to a high scoring start, with PepsiCo settling for a 66% stake in Russia’s Wimm-Bill-Dann only yesterday.

Sep Bottled
water
Yanlong Shanghai from China buys Dew South of Australia
Nov Dairy US Dairy Farmers of America buys Castro Cheese
Water
coolers
UK PHS buys Premier Water Coolers
Spirits Belvedere from France sells assets of Florida Distillers $48m
Dairy Sri Lanka’s Cargills buys 73% of Kotmale
Soft drinks US Coca-Cola Consolidated to buy majority interest in Fast Forward Energy
Ingredients Belgium’s Azelis buys YDS Chemicals
Water
coolers
US DS Waters buys Echota Beverage Group
Water coolers US DS Waters buys Mount Olympus Waters
Food Grupo Bimbo from Mexico to buy North American bakery business from Sara Lee of US $959m
Dairy Australia’s Bega Cheese to buy 15% stake in Warrnambool Cheese and Butter A$22m
Ingredients Kerry from Ireland buys Key Essentials of US from Agilex
Beer Carlsberg from Denmark increases stake from 50% to 90% in Gorkha of Nepal from Khetan
Dairy Emmi from Switzerland to buy Onken yogurt brand distribution rights from Dr Oetker of Germany CHF 75m
sales
Spirits Russian Standard Vodka buys Buinsky distillery from Tatspirtprom $20m
Food Ireland’s Greencore to merge with Northern Foods of UK and create new company Essenta Foods £1.7bn
sales
Packaging Brambles from Australia to buy IFCO Systems of Netherlands €923m
Soft drinks R J Corp from India to buy PepsiCo bottling operations in Bhutan
Wine Spain’s Baron de Ley buys Carbonere-Bergasa estate €923m
Alcohol J F Hillebrand from Germany buys Lagena Distribution in Sweden from Systembolaget of Sweden
Packaging Owens-Illinois from US to buy Verrerie du Languedoc glass factory in France
Beer Rwanda’s Government to sell 30% stake in Bralirwa
Dairy China’s Mengniu to buy 51% of Junlebao yogurt producer $75m
Food Kerry from Ireland to buy frozen bakery business in Australia from General Mills of US
Food Slovenia’s Atlantic Grupa completes purchase of Droga Kolinska from Istrabenz €243m
Beer SABMiller from UK buys Cerveceria Argentina from Warsteiner of Germany
Biscuits Tiger Brands from South Africa buys Deli Foods Nigeria
Dairy Danone from France to buy YoCream International frozen yogurt producer in US $103m
Dairy Russia’s Wimm-Bill-Dann buys Moloko Isilkulya
Food Tiger Brands from South Africa to buy 49% of UAC food and beverage interests in Nigeria
Ingredients UK Tate & Lyle to buy molasses business of W&R Barnett £67m
Water coolers Eden Springs from Israel buys French water cooler operations from Nestlé of Switzerland €9.5m
Water
coolers
Nestlé from Switzerland buys German water cooler operations from Eden Springs of Israel €9.6m
Food US Kohlberg Kravis Roberts and other private equity firms to buy Del Monte Foods $5.3bn
Coffee Strauss from Israel buys LeCafe brand and 51% of Le Cafe Group in Russia $43m
Beer Damm from Spain buys minority stake in United States Beverage distributor
Ice cream Nestlé from Switzerland buys remaining 11% stake in LB Bulgaricum of Bulgaria from Bulgaria’s Government
Alcohol Central European Distribution Corporation from Poland to buy final 20% of Whitehall Group in Russia plus other brand rights $91.5m
Coffee Sara Lee from US buys Cafe Damasco of Brazil $60m
Packaging Petainer from UK buys Rostiprimpac PET manufacturer of Sweden from Møller Maersk
Food Malaysia’s Asian Citrus completes purchase of BPG Food & Beverage

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