Food industry deals in September 2019 total $1.21bn globally

Total food industry deals for September 2019 worth $1.21bn were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 75.2% over the previous month and a drop of 58.5% when compared with the last 12-month average of $2.92bn.

In terms of number of deals, the sector saw a drop of 11.8% over the last 12-month average with 60 deals against the average of 68 deals.

In value terms, Europe led the activity with deals worth $940.9m.

Food industry deals in September 2019: Top deals

The top five food deals accounted for 80.5% of the overall value during September 2019.

The combined value of the top five food deals stood at $974.32m, against the overall value of $1.21bn recorded for the month.

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

1) P/F Bakkafrost Holding’s $641.14m acquisition of The Scottish Salmon

2) The $118.63m private equity deal with DFM Foods by Advent International

3) Valeo Foods’ $79.84m acquisition of Kettle Foods and Yellow Chips

4) The $67.75m acquisition of Freshtime by Greencore Group

5) Kras-ESOP and Mesna Industrija Rakitno’s acquisition of Kras for $66.96m.

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.