North America’s packaging industry sees a drop of 29% in deal activity in Q3 2019

26 November 2019 (Last Updated September 7th, 2020 07:48)

North America’s packaging industry sees a drop of 29% in deal activity in Q3 2019

North America’s packaging industry saw a drop of 29% in overall deal activity during Q3 2019, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 27 deals worth $513m were announced for the region during Q3 2019, against the last four-quarter average of 38 deals.

Of all the deal types, M&A saw most activity in Q3 2019 with 15, representing a 55.6% share for the region.

In second place was private equity with nine deals, followed by venture financing deals with three transactions, respectively capturing a 33.3% and 11.1% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in North America’s packaging industry with $392m, while private equity and venture financing deals totalled $118m and $3m, respectively.

North America packaging industry deals in Q3 2019: Top deals

The top three packaging deals accounted for 97.4% of the overall value during Q3 2019.

The combined value of the top three packaging deals stood at $500m, against the overall value of $513m recorded for the quarter.

The top three packaging industry deals of Q3 2019 tracked by GlobalData were:

1) Cascades’ $207m asset transaction with Orchids Paper Products

2) The $175m asset transaction with Rayonier Advanced Materials by Sappi

3) Coppermine Capital, Stairway Capital Management Co and WindSail Capital Group’s $118m private equity deal with Genera Energy

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.