Packaging industry M&A deals in Q2 2019 total $1.24bn in US

17 July 2019 (Last Updated July 17th, 2019 10:17)

Packaging industry M&A deals in Q2 2019 total $1.24bn in US

Total packaging industry M&A deals in Q2 2019 worth $1.24bn were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 826.9% over the previous quarter and a drop of 69.7% when compared with the last four-quarter average of $4.08bn.

The US held a 44.7% share of the global packaging industry M&A deal value that totalled $2.77bn in Q2 2019.

In terms of deal activity, the US recorded 20 deals during Q2 2019, marking a drop of 23.1% over the previous quarter and a drop of 25.9% over the last four-quarter average.

The US packaging industry M&A deals in Q2 2019: Top deals

The top three packaging industry M&A deals accounted for 100% of the overall value during Q2 2019.

The combined value of the top five packaging industry M&A deals stood at $1.24bn, against the overall value of $1.24bn 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 $110m acquisition of Corenso Holdings America by Sonoco Products and in third place was Valmet’s $57.14m acquisition of J&L Fiber Services.

 

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.