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.
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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