Decline in M&A activity for food industry, data shows

Record food and drink acquisitions despite economic uncertainties
Credit: pichetw

In September 2019, M&A deals in the food and drink industry worth $871.08 million were announced globally, according GlobalData’s deals database.

The value marked a decrease of 63.4% over the previous month and a drop of 59.9% when compared with the last 12-month average, which stood at $2.17 billion.

Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $855.69 million.

At the country level, the UK topped the list in terms of deal value at $788.73 million.

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.

The top country in terms of M&A deals activity in September 2019 was the UK with six deals, followed by the US with five and Canada with three.

In 2019, as of the end of September 2019, food M&A deals worth $14.99 billion were announced globally, marking a decrease of 53.9% year on year.

The top five food industry deals of September 2019 tracked by GlobalData were:

  1. P/F Bakkafrost Holding’s $641.14 million acquisition of The Scottish Salmon
  2. The $79.84 million acquisition of Kettle Foods and Yellow Chips by Valeo Foods
  3. Greencore Group’s $67.75 million acquisition of Freshtime
  4. The $66.96 million acquisition of Kras by Kras-ESOP and Mesna Industrija Rakitno
  5. SATS Food Services’ acquisition of SATS BRF Food for $12.26 million