North America’s packaging industry sees drop in deals in Q4 2019

14.3% decline in finance, M&A and equity compared to four-quarter average

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Supermarket packaging in North America Photo via Flickr
Supermarket packaging in North America Photo via Flickr

North America’s packaging industry saw a drop of 14.3% in overall deal activity during Q4 2019, when compared to the four-quarter average, according to GlobalData’s deals database. A total of 30 deals worth US$ 735.04 million (approximately Rs 5,200 crore) were announced for the region during Q4 2019, against the last four-quarter average of 35 deals.

Of all the deal types, M&A saw most activity in Q4 2019 with 19, representing a 63.3% share for the region. In second place was venture financing with seven deals, followed by private equity deals with four transactions, respectively capturing a 23.3% and 13.3% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in North America’s packaging industry with US$ 715.34 million, followed by venture financing deals totalled US$ 19.7 million.

North America packaging industry deals in Q4 2019: Top deals

The top five packaging deals accounted for 97.3% of the overall value during Q4 2019. The combined value of the top five packaging deals stood at US$ 715.5 million, against the overall value of US$ 735.04 million recorded for the quarter.

The top five packaging industry deals of Q4 2019 tracked by GlobalData were:

Pixelle Specialty Solutions’ US$ 400 million asset transaction with Verso;

The US$ 180 million asset transaction with Transcontinental by Hood Packaging;

Cascades’ US$ 93 million acquisition of Greenpac Holding;

The US$ 42.2 million asset transaction with Cheringal Associates, Norwood and Printing by Winpak

SC Launch’s venture financing of tForm for US$ 0.3 million.

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