Packaging industry M&A deals in Q2 2019 total $2.77bn globally

17 July 2019 (Last Updated July 17th, 2019 11:39)

Packaging industry M&A deals in Q2 2019 total $2.77bn globally

Total packaging industry M&A deals in Q2 2019 worth $2.77bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 61.7% over the previous quarter and a drop of 67.5% when compared with the last four-quarter average, which stood at $8.56bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.43bn. At the country level, the US topped the list in terms of deal value at $1.24bn.

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

The top country in terms of M&A deals activity in Q2 2019 was the US with 20 deals, followed by China with five and Italy with five.

In 2019, as of the end of Q2 2019, packaging M&A deals worth $10.18bn were announced globally, marking a decrease of 1.1% year on year.

Packaging industry M&A deals in Q2 2019: Top deals

The top five packaging industry M&A deals accounted for 88.05% of the overall value during Q2 2019.

The combined value of the top five packaging industry M&A deals stood at $2.44bn, against the overall value of $2.77bn recorded for the quarter. The top announced packaging industry M&A deal tracked by GlobalData in Q2 2019 was $1.07bn merger of Charter NEX Films and Next Generation Films.

In second place was the $1bn acquisition of PT Fajar Surya Wisesa by The Siam Cement Public and in third place was Owens-Illinois’s $188m acquisition of Nueva Fabrica Nacional de Vidrio S de RLde CV.

The $110m acquisition of Corenso Holdings America by Sonoco Products and International Paper’s asset transaction with DS Smith for $71.16m 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.