Food industry M&A deals in Q1 2019 total $2.03bn in US

Total food industry M&A deals in Q1 2019 worth $2.03bn were announced in the US, according to GlobalData’s deals database.

The value marked a decrease of 69.9% over the previous quarter and a drop of 70.8% when compared with the last four-quarter average of $6.94bn.

The US held a 32.8% share of the global food industry M&A deal value that totalled $6.17bn in Q1 2019.

In terms of deal activity, the US recorded 30 deals during Q1 2019, marking a decrease of 37% over the previous quarter and a drop of 11.8% over the last four-quarter average.

US food industry M&A deals in Q1 2019: Top deals

The top five food industry M&A deals accounted for 99.9% of the overall value during Q1 2019.

The combined value of the top five food industry M&A deals stood at $2.03bn, against the overall value of $2.03bn recorded for the quarter. The top announced food industry M&A deal tracked by GlobalData in Q1 2019 was Ferrero International’s $1.3bn asset transaction with Kellogg.

In second place was the $432.24m acquisition of Clover Industries by MilcoProprietary and in third place was National Beef Packing’s $150m acquisition of Iowa Premium Beef.

The $108m acquisition of Hans Kissle Company by KENKO Mayonnaise and Mitsui and Piedmontese of Averaldo Giacosa and Co.’s acquisition of Campo Austral for $35.5m 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. 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.