Food industry M&A deals total $2.6bn globally in October 2022

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.

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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