Food industry M&A deals in September 2019 total $871.08m globally

Total food industry M&A deals in September 2019 worth $871.08m were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 63.4% over the previous month and a drop of 59.9% when compared with the last 12-month average, which stood at $2.17bn.

Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $855.69m. At the country level, the UK topped the list in terms of deal value at $788.73m.

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 September 2019 was the UK with six deals, followed by the US with five and Canada with three.

In 2019, as of the end of September 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 September 2019: Top deals

The top five food industry M&A deals accounted for 99.6% of the overall value during September 2019.

The combined value of the top five food M&A deals stood at $867.95m, against the overall value of $871.08m recorded for the month.

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

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

2) The $79.84m acquisition of Kettle Foods and Yellow Chips by Valeo Foods

3) Greencore Group’s $67.75m acquisition of Freshtime

4) The $66.96m acquisition of Kras by Kras-ESOP and Mesna Industrija Rakitno

5) SATS Food Services’ acquisition of SATS BRF Food for $12.26m.

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.