Acquisitions, mergers rise in food sector
A large volume of deals between Irish and US firms drove the increase — with the likes of Glanbia and drinks giant, C&C spending a near €300m, combined, on acquisitions there; while US groups such as Hain Celestial — acquiring Cully & Sully — and Beam did likewise here.
The overall update on food sector &merger and acquisition activity is outlined in a new industry tracker by professional services giant, Grant Thornton, which also shows the food and drink sector, here, contributed €9bn in exports last year — comfortably outperforming Britain’s output.
