Packaging industry M&A deals in May 2019 total $1.25bn globally

20 June 2019 (Last Updated June 20th, 2019 13:25)

Packaging industry M&A deals in May 2019 total $1.25bn globally

Total packaging industry M&A deals in May 2019 worth $1.25bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 7.6% over the previous month and a drop of 54.9% when compared with the last 12-month average, which stood at $2.77bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.05bn. At the country level, Indonesia topped the list in terms of deal value at $916.07m.

In terms of volumes, North America emerged as the top region for packaging industry M&A deals globally, followed by Europe and then Asia-Pacific.

The top country in terms of M&A deals activity in May 2019 was the US with ten deals, followed by the UK with three and Italy with three.

In 2019, as of the end of May 2019, packaging M&A deals worth $9.28bn were announced globally, marking an increase of 49.4% year on year.

Packaging industry M&A deals in May 2019: Top deals

The top five packaging industry M&A deals accounted for 94.5% of the overall value during May 2019.

The combined value of the top five packaging industry M&A deals stood at $1.18bn, against the overall value of $1.25bn recorded for the month. The top announced packaging industry M&A deal tracked by GlobalData in May 2019 was The Siam Cement Public’s $916.07m acquisition of PT Fajar Surya Wisesa.

In second place was the $110m acquisition of Corenso Holdings America by Sonoco Products and in third place was West Coast Paper Mills’ $64.29m stake acquisition of International Paper APPM.

The $57.14m acquisition of J&L Fiber Services by Valmet and Shouguang Meilun Paper’s stake acquisition of Wuhan Chenming Hanyang Paper for $32.57m held fourth and fifth positions, respectively.

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.