Food industry M&A deals in Q3 2019 total $1.47bn in US

Total food industry M&A deals in Q3 2019 worth $1.47bn were announced in the US, according to GlobalData’s deals database.

The value marked an increase of 1240.5% over the previous quarter and a drop of 51.4% when compared with the last four-quarter average of $3.02bn.

The US held a 26.01% share of the global food industry M&A deal value that totalled $5.64bn in Q3 2019.

In terms of deal activity, the US recorded 23 deals during Q3 2019, marking a drop of 45.2% over the previous quarter and a drop of 36.1% over the last four-quarter average.

The US food industry M&A deals in Q3 2019: Top deals

The top three food industry M&A deals accounted for 99.3% of the overall value during Q3 2019.

The combined value of the top three food M&A deals stood at $1.46bn, against the overall value of $1.47bn recorded for the month.

The top three food industry deals of Q3 2019 tracked by GlobalData were:

1) The Simply Good Foods’ $1bn acquisition of VMG Quest Blocker and Voyage Holdings

2) The $397m acquisition of One Brands by The Hershey

3) Sara Lee Frozen Bakery’s $65m acquisition of Superior Cake Products.

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.