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  1. Deals Analysis
April 28, 2022updated 29 Apr 2022 10:43am

Food industry M&A deals total $271.3m globally in March 2022

By Carmen

Total food industry M&A deals worth $271.3m were announced globally in March 2022, led by China Youran Dairy Group’s $154.31m acquisition of 27.2% stake in Wholesome Harvest, according to GlobalData’s deals database.

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The value marked a decrease of 56.8% over the previous month of $627.32m and a drop of 87.1% when compared with the last 12-month average, which stood at $2.11bn.

Comparing M&A deals value in different regions of the globe, South and Central America held the top position, with total announced deals in the period worth $154.31m. At the country level, the Cayman Islands (GD Deals) topped the list in terms of deal value at $154.31m.

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.

The top country in terms of M&A deals activity in March 2022 was India with five deals, followed by the Canada with three and Sweden with three.

In 2022, as of March, food M&A deals worth $1.01bn were announced globally, marking an increase of 18.5% year on year.

Food industry M&A deals in March 2022: Top deals

The top five M&A deals accounted for 95.9% of the overall value during March 2022.

The combined value of the top five food M&A deals stood at $260.03m, against the overall value of $271.3m recorded for the month.

The top five food industry M&A deals of March 2022 tracked by GlobalData were:

1) China Youran Dairy Group $154.31m acquisition deal for 27.2% stake in Wholesome Harvest

2) The $74.7m acquisition of 99.6% stake in The Chorocmaeul by Jeongyookgak

3) Baladna Food Industries $18.12m acquisition deal for 5% stake in Juhayna Food Industries

4) The $6.59m acquisition of Srikrishna Milks by Dodla Dairy

5) Simply Better Brands $6.32m acquisition deal with Herve Edibles

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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.

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