Total packaging industry cross border M&A deals worth $4.2bn were announced globally in Q3 2022, led by Domtar’s $1.57bn acquisition of Resolute Forest Products, according to GlobalData’s deals database.
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The value marked an increase of 690.8% over the previous quarter of $528.59m and a rise of 260.3% when compared with the last four-quarter average, which stood at $1.16bn.
Comparing cross border M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $2.58bn. At the country level, the Canada topped the list in terms of deal value at $1.57bn.
In terms of volumes, Europe emerged as the top region for packaging industry cross border M&A deals globally, followed by North America and then Asia-Pacific.
The top country in terms of cross border M&A deals activity in Q3 2022 was the Italy with five deals, followed by the UK with four and the US with four.
In 2022, at the end of , cross border M&A deals worth $6.45bn were announced globally in packaging industry, marking an increase of 45.3% year on year.
Cross Border M&A deals in packaging industry in Q3 2022: Top deals
The top five cross border M&A deals in packaging industry accounted for 45.3% of the overall value during Q3 2022.
The combined value of the top deals stood at $3.92bn, against the overall value of $4.2bn recorded for the quarter.
The top five packaging industry cross border packaging deals of Q3 2022 tracked by GlobalData were:
1) Domtar’s $1.57bn acquisition deal with Resolute Forest Products
2) The $1.01bn acquisition of De Jong Packaging by Stora Enso
3) Westrock’s $970m acquisition deal for 67.7% stake in Grupo Gondi
4) The $212.53m asset transaction of Stora Enso by Schwarz Produktion Stiftung & Co.
5) Sylvamo’s $149.81m asset transaction deal with Stora Enso