Financing M&A
Reduced merger and acquisition activity in the packaging sector reflects the effects of the credit crunch and the global recession.
• The number of transactions was evenly split across packaging industry sectors: rigid (29 percent), paperboard (24 percent), and flexible (23 percent).
• Strategic acquirers led M&A transactions with 66 percent versus 34 percent for private equity firms.
What is interesting about the magnitude of these statistics is that they reflect the entire results for 2008. It began transitioning from the record levels of 2007 and went down hill (or off the cliff) from there.
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