Total food industry M&A deals worth $2.6bn were announced globally in October 2022, led by Darling Ingredients’ $1.2bn acquisition of Gelnex Industria e Comercio, according to GlobalData’s deals database.
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The value marked an increase of 1871% over the previous month of $130.9m and a rise of 75.5% when compared with the last 12-month average, which stood at $1.47bn.
Comparing M&A deals value in different regions of the globe, South and Central America held the top position, with total announced deals in the period worth $1.2bn. At the country level, the Brazil topped the list in terms of deal value at $1.2bn.
In terms of volumes, Asia-Pacific emerged as the top region for food industry M&A deals globally, followed by Europe and then North America.
The top country in terms of M&A deals activity in October 2022 was Japan with five deals, followed by the India with four and The Netherlands with four.
In 2022, as of October, food M&A deals worth $11.35bn were announced globally, marking an increase of 55% year on year.
food industry M&A deals in October 2022: Top deals
The top five M&A deals accounted for 94.6% of the overall value during October 2022.
The combined value of the top five food M&A deals stood at $2.44bn, against the overall value of $2.6bn recorded for the month.
The top five food industry M&A deals of October 2022 tracked by GlobalData were:
1) Darling Ingredients’s $1.2bn acquisition deal with Gelnex Industria e Comercio
2) The $686.16m acquisition of 50% stake in Lamb Weston Meijer VOF by Lamb Weston Holdings
3) Minerva Foods Asia’s $251.25m acquisition deal with Australian Lamb Co
4) The $200m acquisition of 84% stake in Denali Ingredients by Orkla Food Ingredients
5) ISPAC 1’s $101.11m acquisition deal with Baladi
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Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.
