Food industry M&A deals in November 2019 total $3.28bn globally

Total food industry M&A deals in November 2019 worth $3.28bn were announced globally, according to GlobalData’s deals database.

The value marked an increase of 534.1% over the previous month and a rise of 71.5% when compared with the last 12-month average, which stood at $1.91bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.9bn. At the country level, the US topped the list in terms of deal value at $1.9bn.

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 November 2019 was the US with seven deals, followed by Australia with three and The Netherlands with two.

In 2019, as of the end of November 2019, food M&A deals worth $18.89bn were announced globally, marking a decrease of 53.7% year on year.

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

The top five food industry M&A deals accounted for 98.6% of the overall value during November 2019.

The combined value of the top five food M&A deals stood at $3.24bn, against the overall value of $3.28bn recorded for the month.

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

1) COFCO (Hong Kong)’s $1.17bn acquisition of China Agri-Industries Holdings

2) The $970m acquisition of National Beef Packing LLC by Marfrig Global Foods

3) F.C.F. Fishery’s $926m acquisition of Bumble Bee Foods

4) The $165.72m acquisition of Koninklijke CSK Food Enrichment by Royal DSM

5) Iceland Seafood International’s acquisition of Elba for $4.87m.

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.