Food industry cross border deals total $1.6bn globally in September 2021

Total food industry cross border deals worth $1.6bn were announced globally for September 2021, with the $900m acquisition of Igloo Products being the sector’s biggest investment, according to GlobalData’s deals database.

The value marked a decrease of 68.8% over the previous month of $5.22bn and a drop of 17.3% when compared with the last 12-month average of $1.97bn.

In terms of number of cross border deals, the sector saw a rise of 20.69% with 35 deals in September 2021 when compared to the last 12-month average of 29 deals.

In value terms, North America led the activity with cross border deals worth $1.38bn in September 2021.

food industry cross border deals in September 2021: Top deals

The top five cross border deals accounted for 94% of the overall value during September 2021.

The combined value of the top five cross border deals stood at $1.53bn, against the overall value of $1.6bn recorded for the month.

The top five food industry cross border deals of September 2021 tracked by GlobalData were:

1) Domestic Group $900m acquisition deal with Igloo Products

2) The $453m acquisition of First Choice Ingredients by Royal DSM

3) Sonae Food4Future $89.09m acquisition deal for 95.4% stake in Claybell

4) The $64.48m private equity of Dutch Bakery by 3i Group

5) ff Venture Capital,Hanwha Solutions,IndieBio,Siddhi Capital and TechU Ventures $25m venture financing deal with Simply Foods

Verdict deals analysis methodology

This analysis considers only announced and completed cross border 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.