Food industry deals in September 2019 total $1.21bn globally
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Total food industry deals for September 2019 worth $1.21bn were announced globally, according to GlobalData’s deals database.
Photo by Helloquence on Unsplash
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:
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P/F Bakkafrost Holding’s $641.14m acquisition of The Scottish Salmon
The $118.63m private equity deal with DFM Foods by Advent International
Valeo Foods’ $79.84m acquisition of Kettle Foods and Yellow Chips
The $67.75m acquisition of Freshtime by Greencore Group
Kras-ESOP and Mesna Industrija Rakitno’s acquisition of Kras for $66.96m.
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