US packaging industry sees a drop of 27.3% in deal activity in Q3 2019

26 November 2019 (Last Updated September 7th, 2020 07:48)

US packaging industry sees a drop of 27.3% in deal activity in Q3 2019

The US packaging industry saw a drop of 27.3% in overall deal activity during Q3 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 24 deals worth $338m were announced in Q3 2019, compared to the last four-quarter average of 33 deals.

M&A was the leading category in the quarter with 12 deals which accounted for 50% of all deals.

In second place was private equity with nine deals, followed by venture financing with three transactions, respectively accounting for 37.5% and 12.5% 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 $217m, while private equity and venture financing deals totalled $118m and $3m, respectively.

The US packaging industry deals in Q3 2019: Top deals

The top three packaging deals accounted for 99.1% of the overall value during Q3 2019.

The combined value of the top three packaging deals stood at $335m, against the overall value of $338m recorded for the month.

The top three packaging industry deals of Q3 2019 tracked by GlobalData were:

1) Cascades’ $207m asset transaction with Orchids Paper Products

2) The $118m private equity deal with Genera Energy by Coppermine Capital, Stairway Capital Management Co and WindSail Capital Group

3) FCA’s $10m acquisition of Transpak

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.