Total food industry M&A deals worth $158.2m were announced in Europe in Q3 2022, led by IOI Corp’s $104.51m acquisition of 10% stake in Bunge Loders Croklaan Group, according to GlobalData’s deals database.
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The value marked a decrease of 65.8% over the previous quarter and a drop of 56.6% when compared with the last four-quarter average of $364.59m.
Europe held a 10.07% share of the global food industry M&A deal value that totalled $1.57bn in Q3 2022. With a 6.66% share and deals worth $104.51m, The Netherlands was the top country in Europe’s M&A deal value across food industry.
In terms of deal activity, Europe recorded 34 deals during Q3 2022, marking a decrease of 19.05% over the previous quarter and a drop of 17.58% over the last four-quarter average. Italy recorded nine deals during the quarter.
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Europe food industry M&A deals in Q3 2022: Top deals
The top three food industry M&A deals accounted for 100% of the overall value during Q3 2022.
The combined value of the top three M&A deals stood at $158.17m, against the overall value of $158.2m recorded for the quarter.
The top three food industry deals of Q3 2022 tracked by GlobalData were:
1) IOI Corp’s $104.51m acquisition deal for 10% stake in Bunge Loders Croklaan Group
2) The $52.5m acquisition of The Spice Tailor by Premier Foods
3) MATUSZ-VAD Kereskedelmi es Husfeldolgozo Zartkoruen Mukodo Reszvenytarsasag’s $1.16m acquisition deal for 70% stake in FrissHal