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

The value marked an increase of 522.2% over the previous month and a rise of 41.1% when compared with the last 12-month average, which stood at $1.93bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.63bn. At the country level, Canada topped the list in terms of deal value at $1.2bn.

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

The top country in terms of M&A deals activity in February 2020 was the US with 13 deals, followed by the UK with four and Canada with four.

In 2020, as of the end of February 2020, food M&A deals worth $3.16bn were announced globally, marking a decrease of 24.03% year on year.

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

The top five food industry M&A deals accounted for 99.6% of the overall value during February 2020.

The combined value of the top five food M&A deals stood at $2.71bn, against the overall value of $2.72bn recorded for the month.

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

• Mondelez International’s $1.2bn acquisition of Give And Go Prepared Foods
• The $825.86m acquisition of Glycom by Royal DSM
• Dairy Farmers of America’s $425m asset transaction with Dean Foods
• The $227.25m acquisition of Ajinomoto(Thailand) Ltd by AjinomotoInc
• SATS’s acquisition of Monty’s Bakehouse UK for $34.72m.