Food industry M&A deals in January 2019 total $686.61m globally

Total food industry M&A deals in January 2019 worth $686.61m were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 74.5% over the previous month and a drop of 80.4% when compared with the last 12-month average, which stood at $3.51bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $328.89m. At the country level, India topped the list in terms of deal value at $238.34m.

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

The top country in terms of M&A deals activity in January 2019 was the United States with 12 deals, followed by Canada with three and France with three.

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

The top five food industry M&A deals accounted for 98.9% of the overall value during January 2019.

The combined value of the top five food M&A deals stood at $678.79m, against the overall value of $686.61m recorded for the month.

The top announced food M&A deal tracked by GlobalData in January 2019 was Tirumala Milk Products’ $238.34m acquisition of Sunfresh Agro industries.

In second place was Peterson Group – Canada’s asset transaction with Saputo for $218m and in third place was KENKO Mayonnaise and Mitsui’s $108m acquisition of Hans Kissle Company.

Fonterra Australia’s $84.45m asset transaction with Beingmate (Australia) and Webcor Group’s acquisition of Lactiangol for $30m held fourth and fifth positions, respectively.

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.

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.