Packaging Update: First Quarter 2010
Deloitte Corporate Finance LLC
This quarter’s Packaging Update, produced by Deloitte Corporate Finance LLC (DCF), summarizes themost recent transactions within the packaging industry and provides a public market snapshot of a variety of packaging sectors.
This quarter’s highlights include:
- Deal flow in the packaging sector this quarter was strong, as the industry saw a 16.2% increase in M&A activity from the 37 announced deals during Q4 2009. Additionally, announced deal value in the sector was over $3.5 billion, representing a significant gain over the $400 million in deals seen in Q1 2009.
- After being largely absent during 2009, private equity groups announced several transactions during the quarter, representing over 9.3% of the industry’s total deal volume. As economic conditions have gradually improved, private equity investors have been increasingly willing to deploy their stockpiles of capital and compete with strategic players in competitive M&A bidding.
- Healthy and opportunistic strategic buyers were also active during the quarter, completing several platform acquisitions and expanding into new geographies, businesses, or product lines.
Download the Packaging Update below.