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Plastics M&A Update – November 2025

January 6, 2026

Plastics Industry M&A Activity Tracking

Global Plastics M&A softened in November following an October that saw strong activity. 35 transactions were announced during the month, representing a five-deal month-over-month decline but keeping pace with 2025 monthly averages. Strategic buyer demand remained steady during the month, contributing 60% of total activity, while private equity platforms tallied eight transactions, exceeding 2025 average levels by one deal. Notably, the Injection Molding and Specialty subsectors have exceeded 2024 totals with one month left in the year, underscoring the attractiveness of such businesses to buyers. Heading into the final month of 2025, plastics M&A is tracking to have another strong year

  • The majority of plastics M&A activity in the month was attributable to the Injection Molding and Specialty subsectors, which combined for all but four transactions. Year-over-year, the two subsectors are 30 deals ahead of 2024 year-to-date, while the remaining four subsectors trail the prior year-to-date by 15 deals
  • Strategic buyers were once again highly active during November, tallying 21 deal announcements, the fourth month of at least 20 such deals in the year. Both private equity add-on and platform deals declined from October as financial buyers recorded 14 transactions, two less than the yearly average
  • 17 deals involving two foreign parties were announced during the month, representing 49% of total activity. This is in line with 2025 monthly averages and highlights the sustained demand in foreign plastics M&A as these types of transactions are elevated from a mix perspective compared to the prior five years and approaching pre-COVID levels
  • Following an October with no Consumer deals, three such deals were announced during November, accounting for 9% of all volume. Five Medical deals were recorded during the month as the subsector continues a strong year of activity with 48 deals posted year-to-date, nearly double the 27 tallied in 2024

Sources: S&P Capital IQ, Company Websites, Pitchbook, Company Reports, PMCF

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