Global Food Industry M&A Deals Down 62% From Q1

The top five food deals comprised nearly 90 percent of total food M&A value during Q2.

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Total food industry M&A deals in Q2 2020 worth $2.72 billion were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 62.4 percent over the previous quarter and a drop of 55.3 percent when compared with the last four-quarter average, which stood at $6.14 billion.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.57 billion — all in the United States.

In terms of volumes, Asia-Pacific emerged as the top region for food industry M&A deals globally, followed by North America and then Europe.

The top country in terms of M&A deals activity in Q2 2020 was the US with 25 deals, followed by China with 13 and Japan with nine.

In 2020, as of the end of Q2 2020, food M&A deals worth $10.09bn were announced globally, marking an increase of 7.6 percent year-over-year.

Food industry M&A deals in Q2 2020: Top deals

The top five food industry M&A deals accounted for 88.6 percent of the overall value during Q2 2020.

The combined value of the top five food M&A deals stood at $2.41 billion, against the overall value of $2.72 billion recorded for the month.

The top five food industry deals of Q2 2020 tracked by GlobalData were:

  • Collier Creek Holdings’ $1.56 billion acquisition of Utz Quality Foods
  • The $254.4 million acquisition of AustAsia Investment Holdings by Meiji
  • New Hope Dairy’s $242.23 million acquisition of Ningxia Huanmei Dairy Development
  • The $225.62 million acquisition of Jiangxi Zhengbang Technology by Shenzhen Xingxing Technology
  • Yihai Kerry Arawana Holdings’ acquisition of Kerry Oils & Grains (Tianjin) for $127.94 million.
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