Plastics and packaging mergers and acquisitions (M&As) continue to be on a roll. Following a strong finish in 2013, transactions in Q1 2014 matched the volume of Q4 2013, reports the M&A Quarterly - Plastics & Packaging, published by middle-market investment firm P&M Corporate Finance (PMCF). With a year-on-year M&A increase of 25 deals and a total of 92 transactions, Q1 2014 was "the second consecutive quarter of deal flow above the quarterly average from the past three years, and the fourth consecutive quarter where activity remained flat or increased," says the report.
Robust M&A activity has been helped by relatively stable economic indicators coming from North America, Europe, and Asia. Combined with attractive conditions in the equity markets, low-interest loans, and flush capital and cash reserves, the outlook for the plastics and packaging sectors is largely positive, notes the report, adding that M&A activity in 2014 holds the potential for a continued flow of deals.
Here are some Q1 2014 highlights from the report summary: