Food industry M&A deals in July 2020 total $1.42bn globally

Total food industry M&A deals in July 2020 worth $1.42bn were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 19.5% over the previous month and a drop of 30.3% when compared with the last 12-month average, which stood at $2.04bn.

Comparing deals value in different regions of the globe, Middle East and Africa held the top position, with total announced deals in the period worth $739.9m. At the country level, Saudi Arabia topped the list in terms of deal value at $739.9m.

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

The top country in terms of M&A deals activity in July 2020 was the US with seven deals, followed by Japan with five and the UK with three.

In 2020, as of the end of July 2020, food M&A deals worth $11.79bn were announced globally, marking a decrease of 0.7% year on year.

Food industry M&A deals in July 2020: Top deals

The top five food industry M&A deals accounted for 3.6% of the overall value during July 2020.

The combined value of the top five food M&A deals stood at $51.5m, against the overall value of $1.42bn recorded for the month.

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

1) United Molasses (Ireland)’s $20.05m asset transaction with Greencore Group

2) The $15.8m acquisition of Deli Asia (S), Delisnacks, Dough Culture and Dough Heritage by Koufu

3) Wilmar International’s $6.13m acquisition of Unity Foods

4) The $4.83m acquisition of Deoleo by Juan Ramon Guillen

5) Saudee Group’s acquisition of KK Fresh Sdn and Megah Deutsch Sdn for $4.68m.

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.