Total packaging industry deals for October 2020 worth $153m were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 94.05% over the previous month and a drop of 85.7% when compared with the last 12-month average of $1.07bn.
In terms of number of deals, the sector saw a drop of 7.1% over the last 12-month average with 26 deals against the average of 28 deals.
In value terms, Europe led the activity with deals worth $121.25m.
Packaging industry deals in October 2020: Top deals
The top five packaging deals accounted for 99.2% of the overall value during October 2020.
The combined value of the top five packaging deals stood at $151.75m, against the overall value of $153m recorded for the month.
The top three packaging industry deals of October 2020 tracked by GlobalData were:
1) Prairie Industries’ $120m acquisition of Sonoco Poland Packaging Services
2) The $19.15m acquisition of Vacmet India by Vacmet India- Management
3) DAIWA Myanmar Growth Fund L.P and Myanmar Opportunities Fund II’s $12.6m private equity deal with Commercial Plastics
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.