n South African Food Review - Highlights and forecasts for 2014 : editor's forum
|Article Title||Highlights and forecasts for 2014 : editor's forum|
|© Publisher:||New Media Publishing|
|Journal||South African Food Review|
|Publication Date||Jan 2014|
According to London-based Oghma Partner, 2013 was a big year for global F&B mergers and acquisitions activity. Heading the list (by value) was Suntory Beverage & Food's purchase of GlaxoSmithKline's Lucozade and Ribena business for £1.4 billion, followed by the sale of Burton's Biscuit Company to Ontario Teachers' Pension Plan for £350 million and Distell's £160 million purchase of Scotland's Burn Stewart Distillers. The next two biggest deals, at £100 million each, were Coca-Cola's purchase of a 32 per cent share in Innocent Drinks and Investcorp's acquisition of Tyrrell's Potato Crisps. Analysts predict that interest in mergers and acquisitions should rise further in 2014 as the global economy grows stronger (although SA still is expected to face a constrained business environment).
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