Total packaging industry deals for November 2020 worth $1.26bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 726.6% over the previous month and a rise of 36.5% when compared with the last 12-month average of $926.33m.

In terms of number of deals, the sector saw a drop of 18.5% over the last 12-month average with 22 deals against the average of 27 deals.

In value terms, North America led the activity with deals worth $1.21bn.

Packaging industry deals in November 2020: Top deals

The top five packaging deals accounted for 100% of the overall value during November 2020.

The combined value of the top five packaging deals stood at $1.26bn, against the overall value of $1.26bn recorded for the month.

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

1) Roth CH Acquisition I’s $1.2bn acquisition of PureCycle Technologies

2) The $52.5m acquisition of Multipack-ljm by Probiotec

3) Andrew Abraham and Gary Hirshberg’s $7m venture financing of Ecovative Design

4) The $3.65m acquisition of GB Plas Sdn by Asia Poly Holdings

5) 500 Durians fund, Entrepreneur First and Seeds Capital’s venture financing of KrossLinker for $1.3m.

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.