Global food industry deals totalled US$10.28bn in Q3, 2019, a significant increase on Q2’s figure.

Statistics compiled by data and analysis organisation GlobalData – just-food’s parent company – reveal a deal value up 139.6% on the previous quarter. The total was also 24.2% higher than the last four-quarter average of $8.28bn.

In terms of number of deals, the sector saw a rise of 5.5% over the last four-quarter average with 211 deals against the average of 200 deals.

In value terms, North America led the activity with deals worth $3.96bn.

The top five food deals accounted for 64.9% of the overall value during Q3 2019 and had a combined value of $6.67bn.

The top five food industry deals of Q3 2019 tracked by GlobalData were KKR’s $2.2bn deal to buy Campbell Soup snack assets, the $1.8bn acquisition of South Africa’s Pioneer Foods Group by PepsiCo, Best of Nature bidco’s $1.03bn private equity deal with Koninklijke Wessanen, the $1bn acquisition of Quest Nutrition by The Simply Good Foods and Bakkafrost Holding’s acquisition of The Scottish Salmon for $641.14m.

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By GlobalData