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Deals Analysis

Packaging industry cross border deals total $797.27m globally in Q4 2020

25 January 2021 (Last Updated February 8th, 2021 17:53)

SIG Combibloc Group’s $565.8m acquisition of SIG Combibloc ObeikanLtd was the packaging industry’s biggest cross border deal of Q4 2020 as cross border deals worth $797.27m were announced globally in the quarter, according to GlobalData’s deals database.

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The value marked a decrease of 74% over the previous quarter and a drop of 49.5% when compared with the last four-quarter average of $1.58bn.

In terms of number of cross border deals, the sector saw a drop of 12.90% over the last four-quarter average with 27 deals against the average of 31 deals.

In value terms, Europe led the activity with cross border deals worth $565.8m.

packaging industry cross border deals in Q4 2020: Top deals

The top five packaging industry cross border deals accounted for 99.8% of the overall value during Q4 2020.

The combined value of the top five cross border deals stood at $795.97m, against the overall value of $797.27m recorded for the quarter.

The top five packaging industry cross border deals of Q4 2020 tracked by GlobalData were:

1) SIG Combibloc Group’s $565.8m acquisition of SIG Combibloc ObeikanLtd

2) The $120m acquisition of Sonoco Poland Packaging Services by Prairie Industries

3) TCG Solutions’ $89.32m acquisition of Bien Hoa Packaging

4) The $12.6m private equity deal with Commercial Plastics by DAIWA Myanmar Growth Fund L.P and Myanmar Opportunities Fund II

5) Metro Master’s acquisition of Chuzhou Chuangce Packaging Materials for $8.26m.

Verdict deals analysis methodology

This analysis considers only announced and completed cross border 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.

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