Packaging sector M&As ripe for financing


Following a dearth of M&A deals in 2009-10, the packaging sector is getting ready for change, according to John Church, managing director and group head of industrials investment banking at Wells Fargo Securities LLC.

Packaging firms are fortunate to be in an industry with a strong and stable cash flow, said Church, who shared his views on consolidation trends and financing considerations at the 2010 AWA Mergers and Acquisitions Executive Forum, held June 7-8 in Chicago.

Wells Fargo underwrote Bemis Co. Inc.’s acquisition of Alcan Food Americas — which Church said was one of the first bridge loans made after the credit crisis. The banking firm also has represented well-known...
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