Total packaging industry deals for December 2020 worth $640.37m were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 65.02% over the previous month and a drop of 40.7% when compared with the last 12-month average of $1.08bn.
In terms of number of deals, the sector saw a rise of 71.4% over the last 12-month average with 48 deals against the average of 28 deals.
In value terms, Europe led the activity with deals worth $287m.
Packaging industry deals in December 2020: Top deals
The top five packaging deals accounted for 96.3% of the overall value during December 2020.
The combined value of the top five packaging deals stood at $616.57m, against the overall value of $640.37m recorded for the month.
The top five packaging industry deals of December 2020 tracked by GlobalData were:
1) Special Packaging Solutions Investments S.a’s $276.38m private equity deal with Guala Closures
2) The $232m acquisition of PalletOne by UFP Industries
3) TCG Solutions’ $89.32m acquisition of Bien Hoa Packaging
4) The $10.62m acquisition of Coral Products (Mouldings) and Interpack by One51 ES Plastics (UK)
5) Metro Master’s acquisition of Chuzhou Chuangce Packaging Materials for $8.26m.
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.