Food industry M&A deals in February 2019 total $3.08bn globally

Total food industry M&A deals in February 2019 worth $3.08bn were announced globally, according to GlobalData’s deals database.

The value marked an increase of 348.01% over the previous month and a rise of 5.4% when compared with the last 12-month average, which stood at $3.25bn.

Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $2.11bn. At the country level, the UK topped the list in terms of deal value at $1.81bn.

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

The top country in terms of M&A deals activity in February 2019 was the US with 11 deals, followed by the UK with six and China with three.

In 2019, as of the end of February 2019, food M&A deals worth $3.76bn were announced globally, marking a decrease of 52.05% year on year.

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

The top five food industry M&A deals accounted for 89.4% of the overall value during February 2019.

The combined value of the top five food industry M&A deals stood at $2.75bn, against the overall value of $3.08bn recorded for the month. The top announced food industry M&A deal tracked by GlobalData in February 2019 was Saputo Dairy’s $1.27bn acquisition of Dairy Crest Group.

In second place was the $432.24m acquisition of Clover Industries by MilcoProprietary and in third place was Nisshin Seifun Group’s $411.25m acquisition of Allied Mills.

The $340m asset transaction with BRF by Tyson Foods and Coca-Cola HBC’s acquisition of Bambi-Banat for $295.1m 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.

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.