Food industry M&A deals in April 2019 total $6.45bn globally

Total food industry M&A deals in April 2019 worth $6.45bn were announced globally, according to GlobalData’s deals database.

The value marked an increase of 177.6% over the previous month and a rise of 91.2% when compared with the last 12-month average, which stood at $3.37bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $5.6bn. At the country level, Vietnam topped the list in terms of deal value at $5.18bn.

In terms of volumes, North America emerged as the top region for food industry M&A deals globally, followed by Europe and then Asia-Pacific.

The top country in terms of M&A deals activity in April 2019 was the US with 13 deals, followed by Canada with four and China with two.

In 2019, as of the end of April 2019, food M&A deals worth $12.97bn were announced globally, marking an increase of 22.2% year on year.

Food industry M&A deals in April 2019: Top deals

The top five food industry M&A deals accounted for 18.7% of the overall value during April 2019.

The combined value of the top five food industry M&A deals stood at $1.21bn, against the overall value of $6.45bn recorded for the month. The top announced food industry M&A deal tracked by GlobalData in April 2019 was CPF Canada Holdings’ $371.75m acquisition of Hylife.

In second place was the $359.28m acquisition of Dangote Flour Mills by Olam International and in third place was Henan Kedi Dairy Industry’s $221.28m acquisition of Quick Frozen Food.

The $196.31m asset transaction with Lion-Dairy & Drinks by Saputo and Seara Alimentos’ asset transaction with Adelle Industria de Alimentos for $59.49m held fourth and fifth positions, respectively.

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.