Drinks industry deals in September 2019 total $323.46m globally

Total drinks industry deals for September 2019 worth $323.46m were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 68.1% over the previous month and a drop of 85.3% when compared with the last 12-month average of $2.21bn.

In terms of number of deals, the sector saw a drop of 5% over the last 12-month average with 38 deals against the average of 40 deals.

In value terms, North America led the activity with deals worth $194.94m.

Drinks industry deals in September 2019: Top deals

The top five drinks deals accounted for 93.3% of the overall value during September 2019.

The combined value of the top five drinks deals stood at $301.73m, against the overall value of $323.46m recorded for the month.

The top five drinks industry deals of September 2019 tracked by GlobalData were:

1) Grupo Nutresa’s $113m acquisition of Cameron’s Specialty Coffee

2) The $97.11m acquisition of Acque Minerali by Coca-Cola HBC Italia

3) The Alkaline Water’s $50.82m acquisition of AquaHydrate

4) The $24.6m acquisition of Func Food Group by Celsius Holdings

5) Eastside Distilling’s acquisition of Azunia Tequila for $16.2m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.