According to GlobalData’s database, there were $5.6 billion in total food industry deals announced in December 2019. The value marked an increase of 40.1% over the previous month and a rise of 114.5% when compared with the last 12-month average of $2.6 billion. However, in terms of the number of deals, the sector saw a drop of 32.8% over the previous 12-month average with 45 deals against the average of 67 deals. In value terms, North America led the activity with deals worth $4.3 billion.
The top five food deals accounted for 97.8% of the overall value during December 2019. The combined value of the top five food deals stood at $5.4 billion.
The top five industry deals of December 2019 tracked by GlobalData were as follows:
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