Food industry M&A deals in Q3 2019 total $5.64bn globally

Total food industry M&A deals in Q3 2019 worth $5.64bn were announced globally, according to GlobalData’s deals database.

The value marked an increase of 95.1% over the previous quarter and a drop of 17.4% when compared with the last four-quarter average, which stood at $6.83bn.

Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $1.99bn. At the country level, South Africa topped the list in terms of deal value at $1.8bn.

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 Q3 2019 was the US with 23 deals, followed by the UK with 14 and Japan with nine.

In 2019, as of the end of Q3 2019, food M&A deals worth $14.99bn were announced globally, marking a decrease of 53.9% year on year.

Food industry M&A deals in Q3 2019: Top deals

The top five food industry M&A deals accounted for 74.4% of the overall value during Q3 2019.

The combined value of the top five food M&A deals stood at $4.2bn, against the overall value of $5.64bn recorded for the month.

The top five food industry deals of Q3 2019 tracked by GlobalData were:

1) PepsiCo’s $1.8bn acquisition of Pioneer Food Group

2) The $1bn acquisition of VMG Quest Blocker and Voyage Holdings by The Simply Good Foods

3) P/F Bakkafrost Holding’s $641.14m acquisition of The Scottish Salmon

4) The $397m acquisition of One Brands by The Hershey

5) Pilgrim’s Pride’s acquisition of Tulip for $355.49m.

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.