State of the Industry: Global Consolidation in Packaging

Most recently, RockTenn's $3.5 billion buy-out of Smurfit-Stone illustrates the type of game-changing mega-deals that will become more commonplace in subsequent years. The current $500 billion private equity capital overhang essentially puts all companies at risk; Rank Group's $6 billion acquisition of Pactiv clearly demonstrates this point. With everyone on the radar of institutional investors, more mega-deals of this magnitude can be expected in the near future.