Value Food industry deals in September

by Editor fleischwirtschaft.com
Monday, November 04, 2019
The food industry is a complex, global collective of diverse businesses that supplies most of the food consumed by the world's population.
Photo: pixabay/Ben_Kerckx
The food industry is a complex, global collective of diverse businesses that supplies most of the food consumed by the world's population.

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 $940.9 mill.

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 $974.32 mill., against the overall value of $1.21bn. recorded for the month.

The top five food industry deals were:

  1. P/F Bakkafrost Holding’s $641.14 mill. acquisition of The Scottish Salmon
  2. The $118.63 mill. private equity deal with DFM Foods by Advent International
  3. Valeo Foods’ $79.84 mill. acquisition of Kettle Foods and Yellow Chips
  4. The $67.75 mill. acquisition of Freshtime by Greencore Group
  5. Kras-ESOP and Mesna Industrija Rakitno’s acquisition of Kras for $66.96 mill.
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