Deals in brief
Packaging industry deals in September 2019 total $811.73m globally
Total packaging industry deals for September 2019 worth $811.73m were announced globally, according to GlobalData’s deals database.
The value marked an increase of 145.7% over the previous month and a drop of 72.2% when compared with the last 12-month average of $2.92bn.
In terms of number of deals, the sector saw a rise of 21.4% over the last 12-month average with 34 deals against the average of 28 deals. In value terms, Middle East and Africa led the activity with deals worth $417.02m.
Packaging industry deals in September 2019: Top deals
The top five packaging deals accounted for 96% of the overall value during September 2019. The combined value of the top five packaging deals stood at $778.93m, against the overall value of $811.73m recorded for the month.
The top five packaging industry deals of September 2019 tracked by GlobalData were:
1) Lindsay Goldberg’s $328.57m private equity deal with Bilcare Research
2) The $282.21m acquisition of Suzhou Greenpower New Energy Materials by Yunnan Energy New Material
3) BPF1’s $79.7m acquisition of Plastics Capital
4) The $63.45m acquisition of Everest Flexibles by Huhtamaki
5) Blue Horizon Corporation, Chestnut Street Ventures, GreenSoil Investments and Triodos Organic Growth Fund’s venture financing of Tipa for $25m.
Packaging industry M&As in September 2019 total $456.58m globally
The value marked an increase of 38.6% over the previous month and a drop of 73% when compared with the last 12-month average, which stood at $1.69bn. Asia-Pacific held the top position in terms of value, with total announced deals in the period worth $299.48m. At the country level, China topped the list in terms of deal value at $282.21m. In terms of volumes, Europe emerged as the top region for packaging industry M&A deals globally, followed by Asia-Pacific and then North America.
Transcend acquires Leeds-based BioStraw
Welsh sustainable paper-straw manufacturer Transcend Packaging has acquired the assets of Leeds-based BioStraw. The acquisition will see BioStraw transfer its production over to Transcend Packaging where it will focus on bringing new products to market and licensing its intellectual property. The BioStraw senior management team will join the Transcend Packaging team, which has seen fast growth after opening its first site in South Wales just a year ago.
Century Bond to acquire 85% stake in Taspack Industrial
Century Bond, a subsidiary of Kumpulan Perangsang Selangor Berhad, has acquired a 85% stake in Taspack Industrial for $5.06m. Century Bond is a manufacturer and distributor of paper packaging products. Taspack Industrial provides end-to-end production of offset carton boxes and printing serivces for instruction manuals for the manufacturing sector. Both companies are based in Malaysia.
Upstate Niagara Cooperative acquires bottling facility and distribution centers of Byrne Dairy
American dairy firm Upstate Niagara Cooperative has acquired the milk bottling facility and dairy beverage distribution centers of regional dairy company Byrne Dairy. Upstate will also license the Byrne Dairy brand for use on dairy beverages, adding it to the roster that includes the Upstate Farms, Intense Milk and Bison brands.
BioPak acquires 100% stake in Horizons Supply
Duni subsidiary BioPak has acquired a 100% stake in Horizons Supply, a company which provides sustainable packaging solutions within the food service industry, from entrepreneurs Andrew Burgess and Dov Brener. Both companies are based in Australia. The purchase price is approximately $4.07m for 100% of the company and is covered within existing loan facilities.