The value of food-industry M&A deals was almost 54% lower in the first nine months of 2019 year-on-year, according to research and analysis organisation GlobalData.
In 2019, as of the end of September 2019, food M&A deals worth $14.99bn were announced globally, marking a decrease of 53.9% year-on-year.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The value of deals in September was 59.9% lower than the 12-month average, which, up to the end of September 2019, is $2.17bn.
The value of deals in September was US$871.1m compared to August’s $2.31bn total, down 63.4%.
According to GlobalData – just-food.com’s parent company – Europe held the top position in deal value terms in September, with deals in the period worth $855.7m. At the country level, the UK topped the list at $788.7m.
In terms of volumes, Europe emerged as the top region for food industry M&A deals globally, followed by North America and then Asia-Pacific.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe top country in terms of M&A deals activity in September was the UK with six deals, followed by the US with five and Canada with three.
The top five food industry M&A deals accounted for 99.6% of the overall value during September. The combined value of the top five food M&A deals stood at $867.9m, against the overall value of $871.1m recorded for the month.
The top three food industry deals in September tracked by GlobalData were Bakkafrost’s $641.1m acquisition of The Scottish Salmon Company, the $79.8m acquisition of Kettle Foods and Yellow Chips from Campbell Soup Co. by Valeo Foods and Greencore Group’s $67.7m acquisition of Freshtime.
