Total consumer industry M&A deals worth $4.43bn were announced in North America in February 2021, led by Hormel Foods’ $3.35bn asset transaction with Kraft Heinz, according to GlobalData’s deals database.
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The value marked a decrease of 39.5% over the previous month of $7.32bn and a rise of 28.4% when compared with the last 12-month average of $3.45bn.
North America held a 58.60% share of the global consumer industry M&A deal value that totalled $7.56bn in February 2021. With a 45.24% share and deals worth $3.42bn, the US was the top country in North America’s M&A deal value across consumer industry.
In terms of M&A deal activity, North America recorded 42 deals during February 2021, marking a decrease of 44.00% over the previous month and a drop of 32.26% over the 12-month average. The US recorded 35 deals during the month.
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By GlobalDataNorth America consumer industry M&A deals in February 2021: Top deals
The top five consumer industry M&A deals accounted for 99.6% of the overall value during February 2021.
The combined value of the top five consumer deals stood at $4.41bn, against the overall value of $4.43bn recorded for the month.
The top five consumer industry M&A deals of February 2021 tracked by GlobalData were:
1) Hormel Foods’ $3.35bn asset transaction with Kraft Heinz
2) The $1bn acquisition of DECIEM by The Estee Lauder Companies
3) Indus’ $39m asset transaction with The Hacienda Group
4) The $18m acquisition of Sprout Foods by Neptune Wellness Solutions
5) CANADIAN BANK NOTE COMPANY’s acquisition of Bump Worldwide for $7.82m.
