Global packaging industry deals total $823m in February 2020

Global packaging industry…

Total packaging industry deals for February 2020 worth $823.28m were announced globally, according to GlobalData’s deals database. The value marked a decrease of 34.7% over the previous month and a drop of 61% when compared with the last 12-month average of $2.11bn.

In terms of number of deals, the sector saw a flat growth over the last 12-month average with 30 deals against the average of 30 deals. In value terms, South and Central America led the activity with deals worth $522.41m.

Packaging industry deals in February 2020: Top deals

The top three packaging deals accounted for 97.48% of the overall value during February 2020. The combined value of the top three packaging deals stood at $802.58m, against the overall value of $823.28m recorded for the month.

The top three packaging industry deals of February 2020 tracked by GlobalData were:

  • H&PC Brazil Participacoes’ $522.41m acquisition of Santher Fabrica de Papel Santa Therezinha
  • The $238m asset transaction with Empire Packing Company, L.P by JBS USA
  • New Forests’ $42.17m private equity deal with Norske Skogindustrier

Source: Global Data