Skip to content
  • About Us
    • Careers
  • Services
    • Sell Side Advisory
    • Buy Side Advisory
    • Transaction Planning & Advisory
    • Capital Raising
  • Industry Expertise
    • Business Services
    • Consumer, Food & Retail
    • Healthcare
    • Industrials
    • Plastics & Packaging
    • Software & Technology
  • Transactions
  • Team
  • News & Insights
    • Industry Updates
    • News
    • Perspectives
    • Events
Menu
  • About Us
    • Careers
  • Services
    • Sell Side Advisory
    • Buy Side Advisory
    • Transaction Planning & Advisory
    • Capital Raising
  • Industry Expertise
    • Business Services
    • Consumer, Food & Retail
    • Healthcare
    • Industrials
    • Plastics & Packaging
    • Software & Technology
  • Transactions
  • Team
  • News & Insights
    • Industry Updates
    • News
    • Perspectives
    • Events
Contact

Industry Updates

  • Back to News & Insights

Packaging M&A Update – April 2023

  • June 5, 2023
  • Industry Updates
  • Packaging, Plastics & Packaging

Packaging Industry M&A Activity Tracking

Global Packaging M&A posted 19 transactions in April, which was an increase of eight deals over March levels. Much of the rebound in deal volume was driven by a resurgence in strategic and private equity platform activity. However, private equity add-on buyers only recorded five deals in April, after a strong start to the year. Overall, Global Packaging M&A activity has been lower due in part to varied demand from strategic buyers, but an uptick in activity from this group in April was an encouraging sign for the sector.

  • Strategic buyers accounted for 10 deals in April, or 53% of the month’s activity, and increased five deals month-over-month. Strategic buyers have, however, recorded 13 fewer deals when compared to the same year-to-date period in 2022
  • In April, platform private equity buyers posted their highest monthly volume since December 2022, recording four deals in the month
  • The Rigid Plastic subsector posted seven deals in April, which represented the subsector’s most acquisitive month since November 2022. Subsector activity was driven by transactions involving bottle and specialty rigid packaging manufacturers
  • The Food & Beverage end market recorded nine deals in April, up six from March levels. April volumes represented the end market’s highest level of activity since March 2022

Global Packaging M&A in April reported a welcomed increase over historically low March volume levels. Despite increases in both strategic and private equity platform activity, year-to-date volumes remain below 2022 volumes due in part to continued macroeconomic uncertainty and high acquisition debt financing costs. Nevertheless, buyer interest in well-positioned packaging companies remains high and valuation multiples have largely remained consistent for the past several months.

Sources: Capital IQ, PitchBook, Thomson Reuters, Company Reports, PMCF. Data as of April 30, 2023

 

Packaging M&A By Subsector

 

Total Packaging M&A By End Market

 

Packaging Transactions By Buyer Type

Notable M&A Activity

Public Entity Performance

Major News

  • Manufacturers Optimistic Amid Challenges (Plastics News)
    https://www.plasticsnews.com/news/2023-outlook-plastics-manufacturers-after-q1
  • Plastics Execs Hit DC to Lobby R&D Tax Breaks Amid Growing “Firestorm” (Plastics News)
    https://www.plasticsnews.com/public-policy/plastics-industry-leaders-lobby-congress-research-and-development-tax-breaks
  • GDP Report Shows Economic Growth Slowed in First Quarter (The Wall Street Journal)
    https://www.wsj.com/articles/us-gdp-economic-growth-first-quarter-2023-2ff4348c
  • IMF Says Banking Troubles Create Headwinds for Global Economy (The Wall Street Journal)
    https://www.wsj.com/articles/imf-says-banking-troubles-create-headwinds-for-global-economy-f6fef59e?mod=Searchresults_pos3&page=4
  • Charting Sustainable Packaging’s Global Growth (Packaging Digest)
    https://www.packagingdigest.com/sustainability/charting-sustainable-packagings-global-growth

 

Download Packaging M&A Update – April 2023

Download Preview

Stay Informed

Subscribe to our newsletter for the latest industry updates

Subscribe

Recent Publications

Packaging M&A Update – July 2023
Plastics M&A Update – July 2023
Medical Technology M&A Pulse – Q2 2023
Human Capital Management M&A Pulse – Q2 2023
Software & Technology M&A Pulse – Q2 2023
Contact

Follow Us On

Cfi Logo White 94x94 On About

Home

  • About
  • Team
  • Careers

Services

  • Sell Side M&A Advisory
  • Buy Side M&A Advisory
  • Capital Raising
  • Transaction Planning & Strategic Advisory

Industry Expertise

  • Business Services
  • Consumer, Food & Retail
  • Healthcare
  • Industrials
  • Plastics & Packaging
  • Software & Technology

News & Insights

  • Transactions
  • News
  • Industry Updates
  • Perspectives

PMCF is a trade name for PMCF Advisors, LLC and P&M Corporate Finance, LLC. The term “PMCF” refers to one or more of these legally separate and independent advisory practices. P&M Corporate Finance, LLC provides capital raising and private placement services that require registration as a broker-dealer.

©2023 PMCF

  • Member SIPC​
  • Member FINRA
  • FINRA Broker Check
  • Business Continuity Plan​
  • Disclaimer​
  • Privacy Policy​