Packaging industry cross border M&A deals total $783.37m globally in Q4 2020

25 January 2021 (Last Updated February 8th, 2021 17:58)

Total packaging industry cross border M&A deals worth $783.37m were announced globally in Q4 2020, led by SIG Combibloc Group’s $565.8m acquisition of SIG Combibloc ObeikanLtd, according to GlobalData’s deals database.

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The value marked a decrease of 72.2% over the previous quarter and a drop of 47.1% when compared with the last four-quarter average, which stood at $1.48bn.

Comparing cross border M&A deals value in different regions of the globe, Middle East and Africa held the top position, with total announced deals in the period worth $565.8m. At the country level, the Saudi Arabia topped the list in terms of deal value at $565.8m.

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 Q4 2020 was the Italy with four deals, followed by the Canada with three and Germany with three.

In 2020, at the end of Q4 2020, cross border M&A deals worth $5.17bn were announced globally in packaging industry, marking an increase of 52.1% year on year.

Cross Border M&A deals in packaging industry in Q4 2020: Top deals

The top three cross border M&A deals in packaging industry accounted for 98.7% of the overall value during Q4 2020.

The combined value of the top deals stood at $775.12m, against the overall value of $783.37m recorded for the quarter.

The top three packaging industry cross border packaging 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

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.