Consumer industry M&A deals in October 2020 total $6.65bn in US

27 November 2020 (Last Updated November 27th, 2020 13:22)

Consumer industry M&A deals in October 2020 total $6.65bn in US

Total consumer industry M&A deals in October 2020 worth $6.65bn were announced in the US, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

The value marked a decrease of 43.4% over the previous month and a drop of 20.7% when compared with the last 12-month average of $8.38bn.

The US held a 35.6% share of the global consumer industry M&A deal value that totalled $18.65bn in October 2020.

In terms of deal activity, the US recorded 90 deals during October 2020, marking an increase of 25% over the previous month and a rise of 9.8% over the 12-month average.

The US consumer industry M&A deals in October 2020: Top deals

The top five consumer industry M&A deals accounted for 91.4% of the overall value during October 2020.

The combined value of the top five consumer M&A deals stood at $6.08bn, against the overall value of $6.65bn recorded for the month.

The top five consumer industry deals of October 2020 tracked by GlobalData were:

1) Stone Canyon Industries Holdings’ $3.2bn acquisition of Morton Salt

2) The $1.6bn merger of HIMS and Oaktree Acquisition

3) LMP Automotive Holdings’ $608m acquisition of Atlantic Automotive Group and Atlantic Central Storage

4) The $550m asset transaction with The J.M. Smucker by B&G Foods

5) Twin River Worldwide Holdings’ asset transaction with Delaware North Companies Gaming & Entertainment for $120m.

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.

 

Visit our ‘Retail Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the retail industry.