Total food industry M&A deals worth $1.6bn were announced globally in Q3 2022, led by Cooke’s $1.01bn acquisition of Tassal Group, according to GlobalData’s deals database.
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The value marked a decrease of 74.1% over the previous quarter of $6.07bn and a drop of 72.2% when compared with the last four-quarter average, which stood at $5.64bn.
Comparing M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.16bn. At the country level, the Australia topped the list in terms of deal value at $1.05bn.
In terms of volumes, Europe emerged as the top region for food industry M&A deals globally, followed by Asia-Pacific and then North America.
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The top country in terms of M&A deals activity in Q3 2022 was the US with 26 deals, followed by Japan with ten and Italy with nine.
In 2022, at the end of , M&A deals worth $8.77bn were announced globally in food industry, marking an increase of 62% year on year.
M&A deals in food industry in Q3 2022: Top deals
The top five M&A deals in food industry accounted for 62% of the overall value during Q3 2022.
The combined value of the top deals stood at $1.37bn, against the overall value of $1.6bn recorded for the quarter.
The top five food industry food deals of Q3 2022 tracked by GlobalData were:
1) Cooke’s $1.01bn acquisition deal with Tassal Group
2) The $107.5m asset transaction of The Kraft Heinz by Kerry Group
3) IOI Corp’s $104.51m acquisition deal for 10% stake in Bunge Loders Croklaan Group
4) The $99m asset transaction of McCormickInc by Del Monte Foods
5) Premier Foods’s $52.5m acquisition deal with The Spice Tailor