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Jul 5, 2018 / Richard Hall

58 acquisitions in June

A total of 58 transactions were recorded in the mergers and acquisitions database for food and drink deals in June 2018.

3 topped $500 million, with one of them amounting to over $10,000 million:

• $10,900 million in frozen food for Conagra to buy Pinnacle Foods in the United States

• £1,450 million in packaging for UK-based DS Smith to purchase Spain-based Europac

• $600 million also in packaging for Platinum Equity to gain 51% of Ball’s steel food assets in the United States.

12 of the equity initiatives were funding rounds of various kinds.

Of the 58, 13 were in alcohol, 7 in soft drinks, 5 in packaging, 5 in services and 3 each in dairy, ingredients, meat and snacks.

35 were within individual countries, including 24 in the United States and 7 in the United Kingdom.

23 were international, involving 20 countries.

Overall, the United States featured in 33, the United Kingdom in 17, Spain in 4, France in 3 and the Netherlands in 3.

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