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