Food industry M&A deals total $332.3m globally in June 2021

Total food industry M&A deals worth $332.3m were announced globally in June 2021, led by AustAsia Investment Holdings’ $123.4m acquisition of Falcon Dairy, according to GlobalData’s deals database.

The value marked a decrease of 93.7% over the previous month of $5.31bn and a drop of 81.01% when compared with the last 12-month average, which stood at $1.75bn.

Comparing M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $232.31m. At the country level, the Hong Kong Special Administrative Region of China topped the list in terms of deal value at $123.4m.

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 June 2021 was the US with eight deals, followed by the The Netherlands with two and India with two.

In 2021, as of June, food M&A deals worth $9.54bn were announced globally, marking an increase of 14.4% year on year.

food industry M&A deals in June 2021: Top deals

The top three M&A deals accounted for 99.5% of the overall value during June 2021.

The combined value of the top three food M&A deals stood at $330.95m, against the overall value of $332.3m recorded for the month.

The top three food industry M&A deals of June 2021 tracked by GlobalData were:

1) AustAsia Investment Holdings’ $123.4m acquisition of Falcon Dairy

2) The $107.55m acquisition of 71% stake in Xinhongye Foods by Fu Jian Anjoy Foods

3) The Kraft Heinz’s $100m acquisition of Assanfoods.