State of the Industry: Global Consolidation in Packaging

2010-2011 packaging M&A market watch

Several transactions have occurred recently that are indicative of the M&A market that Blaige & Company expects to see during the course of the next decade.

Though private equity investment is not expected to hit new highs until 5-10 years from now, some institutional investors have already fully committed to the packaging industry. Irving Place Capital, for example, has completed five packaging acquisitions in the past two years, including the 2010 platform acquisition of Alpha Packaging (Blow Molding) and the add-on of Cezar SA (Label). Other serial acquirers that completed acquisitions in 2010 include Novacap (Smyth Companies; Label), companion Mason Wells (Appleton Performance Packaging, now NEX Performance Films; Film and Sheet), and Sigma Plastics (McNeely Plastic Products; Film & Sheet).