Packaging Update: Third Quarter 2009Deloitte Corporate Finance LLC |
This quarter’s Packaging Update, produced by Deloitte Corporate Finance LLC (DCF), summarizes the most recent transactions within the packaging industry and provides a public market snapshot of a variety of packaging sectors.
This quarter’s highlights include:
- The Packaging industry showed impressive signs of recovery in Q3 2009, including increases in both the number of announced deals and total deal value compared to the previous quarter.
- Total deal value in Q3 2009 saw a particularly impressive gain, with $2.0 billion in announced deals. Removing Bemis Company, Inc’s $1.2 billion acquisition of Alcan Packaging’s Food Americas operations, this represents a 142% growth over the previous quarter’s total of $332.5 million.
- By stockpiling cash and reducing their levels of debt, companies in the Packaging sector have successfully focused on cash flow management over the last year, setting the stage for a potential surge in future M&A activity. As Net Debt/EBITDA multiples across the industry have dropped 13% this year, cash-heavy balance sheets suggest that there are significant funds available for strategic transactions.
Download the Packaging Update below.
Packaging Update
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