Food industry M&A deals in Q2 2020 total $2.72bn globally

Total food industry M&A deals in Q2 2020 worth $2.72bn were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 62.4% over the previous quarter and a drop of 55.3% when compared with the last four-quarter average, which stood at $6.14bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.57bn. At the country level, the US topped the list in terms of deal value at $1.57bn.

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

The top country in terms of M&A deals activity in Q2 2020 was the US with 25 deals, followed by China with 13 and Japan with nine.

In 2020, as of the end of Q2 2020, food M&A deals worth $10.09bn were announced globally, marking an increase of 7.6% year on year.

Food industry M&A deals in Q2 2020: Top deals

The top five food industry M&A deals accounted for 88.6% of the overall value during Q2 2020.

The combined value of the top five food M&A deals stood at $2.41bn, against the overall value of $2.72bn recorded for the month.

The top five food industry deals of Q2 2020 tracked by GlobalData were:

1) Collier Creek Holdings’ $1.56bn acquisition of Utz Quality Foods

2) The $254.4m acquisition of AustAsia Investment Holdings by Meiji

3) New Hope Dairy’s $242.23m acquisition of Ningxia Huanmei Dairy Development

4) The $225.62m acquisition of Jiangxi Zhengbang Technology by Shenzhen Xingxing Technology

5) Yihai Kerry Arawana Holdings’ acquisition of Kerry Oils & Grains (Tianjin) for $127.94m.

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.