Food industry M&A deals in Q1 2020 total $703.39m in US

Total food industry M&A deals in Q1 2020 worth $703.39m were announced in the US, according to GlobalData’s deals database.

The value marked a decrease of 88.2% over the previous quarter and a drop of 68.7% when compared with the last four-quarter average of $2.25bn.

The US held a 16.6% share of the global food industry M&A deal value that totalled $4.23bn in Q1 2020.

In terms of deal activity, the US recorded 29 deals during Q1 2020, marking a rise of 7.4% over the previous quarter and a drop of 3.3% over the last four-quarter average.

The US food industry M&A deals in Q1 2020: Top deals

The top three food industry M&A deals accounted for 100% of the overall value during Q1 2020.

The combined value of the top three food M&A deals stood at $703.39m, against the overall value of $703.39m recorded for the month.

The top three food industry deals of Q1 2020 tracked by GlobalData were:

1) Dairy Farmers of America’s $433m asset transaction with Dean Foods

2) The $270m acquisition of Sadler’s Smokehouse by Hormel Foods

3) Blackhawk Resource’s $0.39m acquisition of Spaced Food

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.