Food industry M&A deals in Q2 2019 total $109.52m in US

Total food industry M&A deals in Q2 2019 worth $109.52m were announced in the US, according to GlobalData’s deals database.

The value marked a decrease of 27.7% over the previous quarter and a drop of 98.3% when compared with the last four-quarter average of $6.27bn.

The US held a 3.7% share of the global food industry M&A deal value that totalled $2.94bn in Q2 2019.

In terms of deal activity, the US recorded 42 deals during Q2 2019, marking a rise of 55.6% over the previous quarter and a rise of 27.3% over the last four-quarter average.

The US food industry M&A deals in Q2 2019: Top deals

The top five food industry M&A deals accounted for 99.8% of the overall value during Q2 2019.

The combined value of the top five food industry M&A deals stood at $109.28m, against the overall value of $109.52m recorded for the quarter. The top announced food industry M&A deal tracked by GlobalData in Q2 2019 was B&G Foods North America’s $80m acquisition of Clabber Girl.

In second place was the $21m acquisition of Three Limes by Oisix ra daichi and in third place was Plus Products’ $3.9m acquisition of Emerald Bay Wellness.

The $3.38m asset transaction with Tres Ojos Naturals by TransCanna Holdings and Gabriella’s Kitchen’s acquisition of Raw Chocolate Alchemy for $1m held fourth and fifth positions, respectively.

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.