Food & Drink Industry Mergers & Acquisitions

Below are the top mergers and aquisitions from recent developments of the Food & Drink industry.

• Tesco to buy Booker Group for £3.7bn.
• Vegemite (Mondelez) sold to Bega Cheese for $345m US – Philadelphia cheese not included in the sale.
• Fyffes, the Irish food distributor is to be bought by Sumitomo Corporation for €751m, signalling the continuing interest from Japanese investors in the European food market.
• Ornua, Irish dairy exporter, buys FJ Need, the UK cheese ingredient and production company in an effort to ensure that its products can be easily exported to the UK after Brexit.
• Just Eat buys competitor, Hungryhouse for circa £200m.
• Heineken buys half Punch Taverns’ pubs for £300m, making Heineken the third biggest pub owner in the UK