58 acquisitions in March

The climate warmed up for food and drink transactions in March, with 58 recorded during the month on the bevblog.net global database.

There were 3 involving sums over $1,000 million:

• $3,200 million for the sale of Sealed Air’s Diversey Care services division to Bain Capital

• $1,600 million for FMC Corporation to take on parts of DuPont’s crop protection business at the same time as divesting its health and nutrition business

• $1,050 million for Germany’s Henkel to buy Darex Packaging Technologies from US based GCP Applied Technologies.

Among the 58 total, 10 were in alcohol, 8 in dairy, 8 in ingredients, 7 in soft drinks, 4 in packaging and 3 in bakery.

29 were within national borders – 14 of these in the United States, 8 in the United Kingdom and 4 in Australia. 29 were international, involving 30 countries.

The United States featured in 24, the United Kingdom in 10, Australia in 6, France in 6, Italy in 4, Netherlands in 4, Switzerland in 4 and Germany in 3.