Total food industry M&A deals in January 2020 worth $199.75m were announced globally, according to GlobalData’s deals database.
The value marked a decrease of 95.7% over the previous month and a drop of 89.7% when compared with the last 12-month average, which stood at $1.94bn.
Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $199.08m. At the country level, the Philippines topped the list in terms of deal value at $130m.
In terms of volumes, North America emerged as the top region for food industry M&A deals globally, followed by Asia-Pacific and then Europe.
The top country in terms of M&A deals activity in January 2020 was the US with 11 deals, followed by China with three and Ethiopia with one.
In 2020, as of the end of January 2020, food M&A deals worth $199.75m were announced globally, marking a decrease of 70.01% year on year.
Food industry M&A deals in January 2020: Top deals
The top five food industry M&A deals accounted for 99.7% of the overall value during January 2020.
The combined value of the top five food M&A deals stood at $199.08m, against the overall value of $199.75m recorded for the month.
The top five food industry deals of January 2020 tracked by GlobalData were:
- SEA Diner Holdings’ $130m acquisition of Del Monte Philippines
- The $40.66m acquisition of Shanghai Ground Food Tech by China Mengniu Dairy
- THADI’s $18.47m acquisition of Hung Vuong
- The $8.79m acquisition of Calpis Osotspa by Osotspa Public
- Inner Mongolia Mengniu Dairy (Group)’s acquisition of Inner Mongolia Shengmu High-Tech Dairy for $1.16m.