Drinks industry M&A deals in Q3 2019 total $405.07m in US

Total drinks industry M&A deals in Q3 2019 worth $405.07m were announced in the US, according to GlobalData’s deals database.

The value marked a decrease of 79.8% over the previous quarter and a drop of 57.2% when compared with the last four-quarter average of $947.22m.

The US held a 3.3% share of the global drinks industry M&A deal value that totalled $12.32bn in Q3 2019.

In terms of deal activity, the US recorded 22 deals during Q3 2019, marking a rise of 22.2% over the previous quarter and a drop of 4.4% over the last four-quarter average.

The US drinks industry M&A deals in Q3 2019: Top deals

The top five drinks industry M&A deals accounted for 100% of the overall value during Q3 2019.

The combined value of the top five drinks M&A deals stood at $405.07m, against the overall value of $405.07m recorded for the month.

The top five drinks industry deals of Q3 2019 tracked by GlobalData were:

1) Pernod Ricard’s $223m acquisition of Castle Brands

2) The $113m acquisition of Cameron’s Specialty Coffee by Grupo Nutresa

3) The Alkaline Water’s $50.82m acquisition of AquaHydrate

4) The $16.2m acquisition of Azunia Tequila by Eastside Distilling

5) Bhang’s acquisition of Red Ace for $2.05m.

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.