1. Deals Analysis
June 24, 2022

Consumer industry M&A deals total $895m in North America in May 2022

By Carmen

Total consumer industry M&A deals worth $895m were announced in North America in May 2022, led by J&J Snack Foods’ $222m acquisition of Dippin’? Dots, according to GlobalData’s deals database.

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The value marked a decrease of 58.9% over the previous month of $2.18bn and a drop of 71.04% when compared with the last 12-month average of $3.09bn.

North America held a 4.43% share of the global consumer industry M&A deal value that totalled $20.2bn in May 2022. With a 4.36% share and deals worth $880.04m, 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 52 deals during May 2022, marking an increase of 30.00% over the previous month and a drop of 10.34% over the 12-month average. The US recorded 45 deals during the month.

North America consumer industry M&A deals in May 2022: Top deals

The top five consumer industry M&A deals accounted for 75.1% of the overall value during May 2022.

The combined value of the top five consumer deals stood at $672m, against the overall value of $895m recorded for the month.

The top five consumer industry M&A deals of May 2022 tracked by GlobalData were:

1) J&J Snack Foods $222m acquisition deal with Dippin’? Dots

2) The $140m acquisition of Bio Lab Naturals by Limitless

3) Steelcase $137m acquisition deal with HALCON

4) The $105m acquisition of Wequassett Resort and Golf Club by EOS Investors

5) WHP Global $68m acquisition deal for 70% stake with Isaac Mizrahi

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.

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