North America’s packaging industry saw a drop of 10.5% in overall deal activity during Q2 2019, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 34 deals worth $1.52bn were announced for the region during Q2 2019, against the last four-quarter average of 38 deals.
Of all the deal types, M&A saw most activity in Q2 2019 with 22, representing a 64.7% share for the region.
In second place was private equity with eight deals, followed by venture financing deals with four transactions, respectively capturing a 23.5% and 11.8% share of the overall deal activity for the quarter.
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By GlobalDataIn terms of value of deals, M&A was the leading category in North America’s packaging industry with $1.43bn, while private equity and venture financing deals totalled $87m and $0.98m, respectively.
North America packaging industry deals in Q2 2019: Top deals
The top five packaging deals accounted for 99.1% of the overall value during Q2 2019.
The combined value of the top five packaging deals stood at $1.5bn, against the overall value of $1.52bn recorded for the quarter. The top announced packaging deal tracked by GlobalData in Q2 2019 was $1.07bn merger of Charter NEX Films and Next Generation Films.
In second place was the $188m acquisition of Nueva Fabrica Nacional de Vidrio S de RLde CV by Owens-Illinois and in third place was Sonoco Products‘ $110m acquisition of Corenso Holdings America.
The $77m private equity deal with Duraco Specialty Tapes by Opengate Capital and Valmet‘s acquisition of J&L Fiber Services for $57.14m held fourth and fifth positions, respectively.
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.