The US packaging industry saw a drop of 8.8% in overall deal activity during Q2 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.
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A total of 31 deals worth $1.32bn were announced in Q2 2019, compared to the last four-quarter average of 34 deals.
M&A was the leading category in the quarter with 20 deals which accounted for 64.5% of all deals.
In second place was private equity with seven deals, followed by venture financing with four transactions, respectively accounting for 22.6% and 12.9% of overall deal activity in the country’s packaging industry during the quarter.
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By GlobalDataIn terms of value of deals, M&A was the leading deal category in the US packaging industry with total deals worth $1.24bn, while private equity and venture financing deals totalled $77m and $0.98m, respectively.
The US packaging industry deals in Q2 2019: Top deals
The top four packaging deals accounted for 99.9% of the overall value during Q2 2019.
The combined value of the top four packaging industry deals stood at $1.31bn, against the overall value of $1.32bn recorded for the quarter. The top announced US packaging industry deal tracked by GlobalData in Q2 2019 was $1.07bn merger of Charter NEX Films and Next Generation Films.
In second place was the $110m acquisition of Corenso Holdings America by Sonoco Products and in third place was Opengate Capital’s $77m private equity deal with Duraco Specialty Tapes.
In fourth place was the $57.14m acquisition of J&L Fiber Services by Valmet.
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.