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Packaging Update: Second Quarter 2013

Deloitte Corporate Finance LLC


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This quarter’s Packaging Update, produced by Deloitte Corporate Finance LLC (DCF), summarizes recent transactions within this industry along with information on active buyers, current transaction valuation multiples and an overview of the public market’s perception of the industry.

Highlights include:

  • Folding carton M&A remains strong – further discussion from our Q1 update
    • Private equity buyers are using cheap and abundant debt to acquire folding carton businesses in U.S. and Europe.
    • Strategic buyers appear to be more disciplined and are focusing on key areas of growth.
  • Board prices are sticking
    • Box and carton producers are successfully passing on the increases they received from the mills in the Spring.
    • Mill operating rates are high and inventories are low, but tepid demand would indicate a low likelihood of additional increases this year.

To read more, download the Packaging Update.

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