Global food industry deals totaled $5.6 billion in December
According to GlobalData’s database, there were $5.6 billion in total food industry deals announced in December 2019.
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:
- Nestlé sells ice cream business to Froneri for $4 billion
- The $900 million private equity deal with Cérélia, a French producer of ready-to-bake dough and ready-to-heat pancakes, by Ardian Holding
- Hostess Brands’ $320 million acquisition of Voortman Cookies
- Bunge sells margarine and mayonnaise assets to Seara Alimentos for $172.2 million
- Malaysian investment holding company Guan Chong acquires Schokinag, a European chocolate company, for $33.3 million.
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