Food industry deals in February 2020 total $2.88bn globally

Total food industry deals for February 2020 worth $2.88bn were announced globally, according to GlobalData’s deals database.

The value marked an increase of 218.6% over the previous month and a rise of 2.4% when compared with the last 12-month average of $2.82bn.

In terms of number of deals, the sector saw a drop of 3% over the last 12-month average with 65 deals against the average of 67 deals.

In value terms, North America led the activity with deals worth $1.75bn.

Food industry deals in February 2020: Top deals

The top five food deals accounted for 94.1% of the overall value during February 2020.

The combined value of the top five food deals stood at $2.71bn, against the overall value of $2.88bn recorded for the month.

The top five food industry deals of February 2020 tracked by GlobalData were:

1) Mondelez International’s $1.2bn acquisition of Give And Go Prepared Foods

2) The $825.86m acquisition of Glycom by Royal DSM

3) Dairy Farmers of America’s $425m asset transaction with Dean Foods

4) The $227.25m acquisition of Ajinomoto(Thailand) Ltd by AjinomotoInc

5) SATS’s acquisition of Monty’s Bakehouse UK for $34.72m.

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.