83 acquisitions in February

February saw 83 food and drink industry transactions recorded in the Zenith Global mergers and acquisitions database, including 2 of $1,000 million or more:

• $1,530 million in packaging for Switzerland’s SIG to buy Scholle IPN in the United States
• $1,000 million in nutrition for Switzerland’s Nestlé to purchase a majority stake in Orgain from Butterfly private equity in the United States.

Of the 83, 13 were in soft drinks, 9 in ingredients, 7 in alcohol, 7 in plant-based, 6 in cell-based, 5 in nutrition, 5 in packaging and 4 in services. The combined total of free from including dairy-free, meat-free, cell-based and plant-based was 16.

44 were within national boundaries, led by the United States with 29 and the United Kingdom with 8. 39 were across borders, involving 23 countries.

Among the 83 total, 43 featured the United States, 16 the United Kingdom, 6 Canada, 6 France, 5 Germany, 5 Spain, 4 Ireland and 4 Switzerland.