96 acquisitions in January

96 food and drink transactions were recorded on the Zenith Global mergers and acquisitions database during January.

2 topped $1,000 million:

• $1,125 million in agribusiness for Switzerland’s Glencore to buy Gavilan in the United States from Japan’s Marubeni
• $1,100 million also in agribusiness for Darling Ingredients to purchase Valley Proteins in the United States.

The next biggest deal was the $400 million series E funding for US-based Plenty Unlimited in vertical farming led by One Madison private equity.

Of the 96 total, 15 were in alcohol, 9 in soft drinks, 7 in ingredients, 7 in packaging, 4 in dairy, 4 in meat-free, 4 in nutrition, 4 in snacks and 4 in vertical farming.

58 were inside individual countries, led by the United States on 32 and the United Kingdom on 11. 38 were international. 29 countries were involved.

Among the 96 overall, the United States featured in 45, the United Kingdom in 18, Italy in 6, Canada in 5, France in 5, Israel in 4 and Japan in 4.