US packaging industry sees a rise of 26.7% in deal activity in Q1 2020

24 April 2020 (Last Updated September 7th, 2020 07:48)

US packaging industry sees a rise of 26.7% in deal activity in Q1 2020

The US packaging industry saw a rise of 26.7% in overall deal activity during Q1 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 38 deals worth $1.38bn were announced in Q1 2020, compared to the last four-quarter average of 30 deals.

M&A was the leading category in the quarter with 30 deals which accounted for 79% of all deals.

In second place was private equity with six deals, followed by venture financing with two transactions, respectively accounting for 15.8% and 5.3% of overall deal activity in the country’s packaging industry during the quarter.

In terms of value of deals, M&A was the leading deal category in the US packaging industry with total deals worth $709.93m, while private equity and venture financing deals totalled $670.95m and $1.27m, respectively.

The US packaging industry deals in Q1 2020: Top deals

The top five packaging deals accounted for 94.7% of the overall value during Q1 2020.

The combined value of the top five packaging deals stood at $1.31bn, against the overall value of $1.38bn recorded for the month.

The top five packaging industry deals of Q1 2020 tracked by GlobalData were:

1) Clearlake Capital Group’s $639.15m private equity deal with Pretium Packaging

2) The $250m acquisition of Graphic Packaging International Partners by Graphic Packaging Holding

3) JBS USA’s $238m asset transaction with Empire Packing Company, L.P

4) The $96.93m acquisition of S.K.B. by Clarus

5) Graphic Packaging Holding’s asset transaction with Greif for $85m.

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.