Total packaging industry deals for September 2020 worth $2.28bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 151.9% over the previous month and a rise of 130.5% when compared with the last 12-month average of $991.26m.

In terms of number of deals, the sector saw a rise of 7.1% over the last 12-month average with 30 deals against the average of 28 deals.

In value terms, Europe led the activity with deals worth $1.89bn.

Packaging industry deals in September 2020: Top deals

The top five packaging deals accounted for 96.4% of the overall value during September 2020.

The combined value of the top five packaging deals stood at $2.2bn, against the overall value of $2.28bn recorded for the month.

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

1) Covestro‘s $1.87bn asset transaction with Royal DSM

2) The $124m acquisition of AMVIG by New Prospect Capital

3) Jinan Tiekun Investment Partnership (Limited Partnership)’s $80.51m acquisition of Shanghai Xintonglian Packaging

4) The $64.7m acquisition of 3C! Packaging by Essentra

5) Enverlis’ acquisition of Bio Pappel SAB de CV for $59.62m.

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.