Global food industry deals total $2.88 billion in February 2020
April 4, 2020
Total food industry deals for February 2020 worth $2.88bn were announced globally, according to GlobalData’s deals database.
The value marked an increase of 218.6% over the previous month and a rise of 2.4% when compared with the last 12-month average of $2.82bn.
In terms of number of deals, the sector saw a drop of 3% over the last 12-month average with 65 deals against the average of 67 deals.
In value terms, North America led the activity with deals worth $1.75bn.
Food industry deals in February 2020: Top deals
The top five food deals accounted for 94.1% of the overall value during February 2020.
The combined value of the top five food deals stood at $2.71bn, against the overall value of $2.88bn 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.
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