Packaging - Coverage Report Q3 2018

Published on: 09/11/2018

Following multiple years of rapid consolidation in the Packaging industry, merger and acquisition (M&A) activity remains unabated through year-to-date (YTD) 2018 with 74 announced or closed transactions. Activity levels have outpaced that of last year during the same period (72 deals in YTD 2017), while strategic buyer share has increased to 68.1% compared to 60.7% for all of 2017. Public company EBITDA multiples remain high with an average of 10.1x after experiencing significant gains in 2017, which have allowed for aggressive inorganic growth initiatives. Rising input costs did, however, put downward pressure on plastic packaging companies, which slipped slightly in valuation relative to rigid and paper packaging companies during 2017.

Key Contacts

David Bench

Managing Director

Tracy Patch