Food industry M&A deals in October 2019 total $517.73m globally

Total food industry M&A deals in October 2019 worth $517.73m were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 40.6% over the previous month and a drop of 75.9% when compared with the last 12-month average, which stood at $2.14bn.

Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $252.9m. At the country level, France topped the list in terms of deal value at $171.05m.

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 October 2019 was the US with eight deals, followed by the UK with five and Italy with three.

In 2019, as of the end of October 2019, food M&A deals worth $15.61bn were announced globally, marking a decrease of 56.4% year on year.

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

The top five food industry M&A deals accounted for 97.3% of the overall value during October 2019.

The combined value of the top five food M&A deals stood at $503.86m, against the overall value of $517.73m recorded for the month.

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

1) Invest Group Zouari’s $171.05m acquisition of Picard Surgeles

2) The $159.45m acquisition of PT Arjuna Utama Sawit by GCCP Resources

3) Valeo Foods’ $81.85m acquisition of Matthew Walker

4) The $76.51m acquisition of Dairyworks by Synlait Milk

5) Hometown Food’s asset transaction with The Hain Celestial Group for $15m.

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.