Food industry M&A deals in August 2019 total $2.31bn globally

Total food industry M&A deals in August 2019 worth $2.31bn were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 3.3% over the previous month and an increase of 2.2% when compared with the last 12-month average, which stood at $2.26bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.46bn. At the country level, the US topped the list in terms of deal value at $1.46bn.

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 August 2019 was the US with ten deals, followed by Japan with three and Canada with two.

In 2019, as of the end of August 2019, food M&A deals worth $14.05bn were announced globally, marking a decrease of 54.9% year on year.

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

The top five food industry M&A deals accounted for 96.6% of the overall value during August 2019.

The combined value of the top five food M&A deals stood at $2.23bn, against the overall value of $2.31bn recorded for the month.

The top five food industry deals of August 2019 tracked by GlobalData were:

1) The Simply Good Foods’ $1bn acquisition of VMG Quest Blocker and Voyage Holdings

2) The $397m acquisition of One Brands by The Hershey

3) Pilgrim’s Pride’s $355.49m acquisition of Tulip

4) The $342m acquisition of Tilda by Ebro Foods

5) Xuzhou Xinsheng Investment Holding Group’s acquisition of V V Food & Beverage for $138.85m.

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.