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  1. Deals Analysis
October 10, 2022

Food industry M&A deals total $5.5bn globally in Q2 2022

By Carmen

Total Food industry M&A deals worth $5.5bn were announced globally in Q2 2022, led by Mondelez International’s $2.9bn acquisition of Clif Bar &, according to GlobalData’s deals database.

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The value marked an increase of 405.6% over the previous quarter of $1.08bn and a drop of 11.4% when compared with the last four-quarter average, which stood at $6.16bn.

Comparing M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $4.42bn. At the country level, the US topped the list in terms of deal value at $3.12bn.

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 Q2 2022 was the US with 17 deals, followed by Japan with seven and India with six.

In 2022, at the end of , M&A deals worth $6.53bn were announced globally in Food industry, marking an increase of 41.8% year on year.

M&A deals in Food industry in Q2 2022: Top deals

The top five M&A deals in Food industry accounted for 41.8% of the overall value during Q2 2022.

The combined value of the top deals stood at $4.77bn, against the overall value of $5.5bn recorded for the quarter.

The top five Food industry Food deals of Q2 2022 tracked by GlobalData were:

1) Mondelez International $2.9bn acquisition deal with Clif Bar &

2) The $1.3bn acquisition of S.A. de and Ricolino by Mondelez International

3) China Mengniu Dairy $241.25m acquisition deal for 20% stake in Inner Mongolia Mengniu Dairy (Group)

4) The $222m acquisition of Dippin’? Dots by J&J Snack Foods

5) Fraser & Neave Holdings $111.03m acquisition deal with Cocoaland Holdings

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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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