Food industry M&A deals in Q3 2020 total $3.21bn in US

Total food industry M&A deals in Q3 2020 worth $3.21bn were announced in the US, according to GlobalData’s deals database.

The value marked an increase of 105% over the previous quarter and a rise of 32.2% when compared with the last four-quarter average of $2.43bn.

The US held a 47.9% share of the global food industry M&A deal value that totalled $6.7bn in Q3 2020.

In terms of deal activity, the US recorded 24 deals during Q3 2020, marking a drop of 14.3% over the previous quarter and a drop of 17.2% over the last four-quarter average.

The US food industry M&A deals in Q3 2020: Top deals

The top five food industry M&A deals accounted for 99.7% of the overall value during Q3 2020.

The combined value of the top five food M&A deals stood at $3.2bn, against the overall value of $3.21bn recorded for the month.

The top three food industry deals of Q3 2020 tracked by GlobalData were:

1) Groupe Lactalis’ $3.2bn asset transaction with The Kraft Heinz

2) The $2.75m acquisition of Mariner Seafood by True North Seafood

3) Jimmy Gardner and Rebekah Garnder’s $0.2m acquisition of Westport Locker

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.