North America’s packaging industry sees a drop of 9.7% in deal activity in Q3 2020

18 November 2020 (Last Updated November 18th, 2020 19:51)

North America’s packaging industry sees a drop of 9.7% in deal activity in Q3 2020

North America’s packaging industry saw a drop of 9.7% in overall deal activity during Q3 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 28 deals worth $1.64bn were announced for the region during Q3 2020, against the last four-quarter average of 31 deals.

Of all the deal types, M&A saw most activity in Q3 2020 with 18, representing a 64.3% share for the region.

In second place was private equity with seven deals, followed by venture financing deals with three transactions, respectively capturing a 25% and 10.7% 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 $861.41m, while private equity and venture financing deals totalled $733.58m and $49m, respectively.

North America packaging industry deals in Q3 2020: Top deals

The top five packaging deals accounted for 98.7% of the overall value during Q3 2020.

The combined value of the top five packaging deals stood at $1.62bn, against the overall value of $1.64bn recorded for the quarter.

The top five packaging industry deals of Q3 2020 tracked by GlobalData were:

1) Intelligent PackagingPurchaser Inc’s $733.58m acquisition of IPL Plastics

2) The $733.58m private equity deal with IPL Plastics by Madison Dearborn Partners

3) Essentra’s $64.7m acquisition of 3C! Packaging

4) The $59.62m acquisition of Bio Pappel SAB de CV by Enverlis

5) Arborview Capital, Greenhouse Capital Partners, Harbert Growth Partners, Revolution Growth, SJF Ventures, Tao Capital Partners, Third Prime Capital and Wheatsheaf Group’s venture financing of TemperPack Technologies for $31m.

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.