In another eventful year for M&A in the food sector, Hormel Foods‘ move for US nut butter firm Justin’s, General Mills‘ decision to turn innovation arm 301 Inc into a fund backing start-ups and Amplify Snack Brands’ acquisition of UK crisp maker Tyrrells caught your eye – but it was one deal that didn’t happen that topped the list. Click on the links for more.
Hershey rebuffed two offers from Mondelez this summer, pouring cold water on the Cadbury owner’s plans to create the world’s largest chocolate maker.
Hormel Foods, the owner of brands from Spam canned meat to Skippy peanut butter, struck a deal in May to buy US nut-butter product maker Justin’s.
In June, Kellogg made its first acquisition in the US for four years, buying snack bar maker Pure Organic through its own Kashi Company arm.
In April, Nestle and R&R Ice Cream announced the formation of Froneri, an ice cream joint venture operating in over 20 countries.
Lactalis, the French dairy giant, made another acquisition in an emerging market in March with a deal to buy the dairy business of Indian conglomerate Anik Industries.
McCain Foods also moved in March, snapping up a majority stake in Dutch frozen convenience snacks supplier Van Geloven.
In November, Japanese food giant Ajinomoto continued its overseas push with the acquisition of Örgen Gida Sanayi ve Ticaret, a Turkish food manufacturer that produces the Bizim Mutfak brand.
General Mills invested in US cottage cheese maker Good Culture through 301 Inc., the food giant’s fund that backs start-ups, in March.
In July, Dutch food group Wessanen acquired UK gluten-free bakery business Mrs Crimble’s for an undisclosed sum.
US-based Amplify Snack Brands struck a deal in August to buy UK crisp maker Tyrrells from Bahrain-based private-equity firm Investcorp in a cash-and-shares deal worth GBP300m (US$392m).