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Archive for the ‘Print/Packaging’ Category

M&A Quarterly News In The Print and Packaging Industry Sector

By Jeff Wright | May 15, 2019

The report below gives a good overview of the second quarter M&A activity in the Print and Packaging Industry Sector. M&A activity for North American based target companies in the Print and Packaging sector for Q1 2019 included 34 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions was announced in March when MC Sign LLC, a subsidiary of Arcapita Bank BSC, which is ultimately owned by Arcapita Group Holdings Ltd, acquired Coastal Signage + Wayfinding, Inc. for an undisclosed amount. The transaction enhances MC Sign’s portfolio of service offerings and it is in line with the growth strategy of MC Sign. Coastal Signage + Wayfinding is located in Oceanside, California and manufactures signs.

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M&A Quarterly News In The Print and Packaging Industry Sector

By Jeff Wright | Feb 27, 2019

The report below gives a good overview of the first quarter M&A activity in the Print and Packaging Industry Sector. M&A activity for North American based target companies in the Print and Packaging sector for Q4 2018 included 28 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions closed in December when New-Indy Catawba LLC, a subsidiary of New-Indy Containerboard LLC, itself a joint venture between Schwarz Partners LP and The Kraft Group LLC, acquired the business and assets related to the Paper & Pulp Mill division from Resolute FP US, Inc., a subsidiary of Resolute Forest Products, Inc. for US$260 million in cash and US$40 million in assumed liabilities, subject to customary closing adjustments. The acquisition would complement the containerboard manufacturing business of New-Indy Containerboard LLC. The assets and business related to the Paper & Pulp mill business of Resolute Forest Products Inc is located in Catawba, South Carolina.

Industry Indicators

  • US corporate profits, an indicator for corporate demand for printing services, rose 10.3% in the third quarter of 2018 compared to the same period in 2017.
  • US nondurable goods manufacturers’ shipments of printed goods, an indicator of demand for commercial printing, rose 1.3% year-to-date in October 2018 compared to the same period in 2017.
  • The spot price of crude oil, a key cost factor in commercial printing operations, fell 19.7% in the week ending January 11, 2019, compared to the same week in 2018.

Posted by Jeff Wright.

Read the Entire Print and Packaging 1st Quarter Newsletter Here


M&A News In The Print and Packaging Industry Sector

By Jeff Wright | Nov 19, 2018

The report below gives a good overview of the fourth quarter M&A activity in the Print and Packaging Industry Sector. M&A activity for North American based target companies in the Print and Packaging sector for Q3 2018 included 25 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions was announced in July when Ahlstrom-Munksjö Oyj acquired Expera Specialty Solutions, LLC from KPS Capital Partners LP for US$615 million in cash, subject to an agreed post completion adjustment. The transaction would allow Ahlstrom-Munksjö Oyj to expand its operations in North America and strengthens its services offerings. Founded in 2013, Expera Specialty Solutions is located in Kaukauna, Wisconsin and manufactures and converts lightweight packaging, pressure sensitive and industrial papers.

Board and paperboard (corrugated, folding carton stock and liquid paperboard) is the largest packaging material type according to a recent study conducted by Smithers Pira. It accounts for 35.7% of world packaging consumption followed by flexible packaging (plastic, paper and foil) with 23.3%, rigid plastic packaging with 18.2% and metal with 12.2%.

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M&A News In The Print and Packaging Industry Sector

By Jeff Wright | Aug 16, 2018

The report below gives a good overview of the third Quarter M&A activity in the Print and Packaging Industry Sector. M&A activity for North American based target companies in the Print and Packaging sector for Q2 2018 included 21 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions was announced in May when R2G Rohan Czech Sro, a subsidiary of R2G Rohan SARL, acquired First Quality Nonwovens, Inc. from First Quality Enterprises for US$500 million. R2G Rohan Czech Sro, part of R2G Rohan SARL, is a Czech company that operates as an investment company. First Quality Nonwovens is an American company located in Hazle Township, PA, that manufactures and markets sanitary paper and spun melt nonwovens.

The price of pulp, paper and other allied products flattened out in the second quarter benefitting manufacturers who’d faced steady price increases since July of 2017.

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M&A News In The Print and Packaging Industry Sector

By Jeff Wright | May 24, 2018

The report below gives a good overview of the second Quarter M&A activity in the Print and Packaging Industry Sector. M&A activity for North American based target companies in the Packaging and Printing sector for Q1 2018 included 15 closed deals, according to data published by industry data tracker FactSet.

One of the notable transactions announced in the quarter was ProAmpac, one of the nation’s largest and fastest-growing flexible packaging manufacturers, acquiring Pactech Packaging (Pactech), a Rochester, New York-based manufacturer specializing in pouch converting. Pactech’s products complement ProAmpac’s existing flexible packaging offerings, which primarily serve the medical, industrial and consumer packaged goods markets. Financial terms of the deal were not disclosed.

According to data from industry group Smithers Pira, the global flexible packaging market is growing 3.5% annually and generates more than $230 billion annually.

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M&A News In The Print and Packaging Industry Sector

By Anthony Contaldo | Apr 02, 2018

The report below gives a good overview of the first quarter M&A activity in the Print and Packaging Industry Sector. M&A activity for North American based target companies in the Packaging and Printing sector for Q4 2017 included 26 closed deals, according to data published by industry data tracker FactSet.
One of the largest transactions of the quarter closed in October when Genstar Capital, LLC acquired Tekni Plex, Inc., a portfolio company of American Securities, LLC, for a reported value approximately US$1.5 billion. Founded in 1988, Genstar Capital is a private equity firm located in San Francisco, California. Tekni-Plex manufactures and sells packaging, packaging products and materials and tubing products primarily for the food and beverage, healthcare, specialty, lawn and garden and consumer markets.

According to a report from Smithers Pira, an industry research group, the digitally printed labels and packaging market was worth $13.4 billion in 2017. By 2022, the rapidly expanding digital (inkjet and toner) packaging market will grow by almost 13% annually to exceed $22 billion.

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M&A News In The Print and Packaging Industry Sector

By Anthony Contaldo | Nov 16, 2017

The report below gives a good overview of the 4th quarter M&A activity in the Print and Packaging Industry Sector. M&A activity for North American based target companies in the Printing and Packaging sector for Q3 2017 included 29 closed deals, according to data published by industry data tracker FactSet.

One of the largest middle market deals closed in July when West Fraser Timber Co. Ltd. acquired Gilman Paper Co, trading as The Gilman Cos, from The Howard Gilman Foundation, Inc. and other shareholders, for US$418 million in cash, subject to certain post-closing adjustments. The acquisition enhances West Fraser Timber’s portfolio of paper businesses. According to data from Smithers Pira the corrugated board packaging market is projected to top $67 billion this year.

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M&A News In The Print and Packaging Industry Sector

By Anthony Contaldo | Oct 12, 2017

The report below gives a good overview of the third quarter M&A activity in the Print and Packaging Industry Sector. M&A activity for North American based target companies in the Printing and Packaging sector for Q2 2017 included 29 closed deals, according to data published by industry data tracker FactSet.
One of the largest deals of the quarter closed in May when Leonard Green & Partners LP, a subsidiary of LGP Management, Inc., acquired Charter NEX Films, Inc. from Pamplona Capital Management LLP for US$1.5 billion, including debt. Based in Milton, Wisconsin, USA, Charter NEX Films manufactures specialty polyethylene film for food and consumer packaging, and for industrial and medical applications.

Growing economies in developing nations combined with an ageing population are driving increased demand for more convenient, easy-to-carry, light, safe and functional packaging, which has led to increased sector sales.

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M&A News | Print & Packaging Industry

By Anthony Contaldo | Mar 30, 2017

Print & Packaging IndustryOne of the largest deals of the Print & Packaging Industry in the 4th quarter of 2016 took place in November when Ocelot Acquisition, Inc., a newly formed joint venture of CVC Capital Partners Ltd and BA Glass BV, agreed to acquire Anchor Glass Container Corp, a portfolio company of KPS Capital Partners LP and AlpInvest Partners BV for more than US$1 billion in cash. Anchor Glass Container, based in Tampa, Florida, manufactures glass containers. It offers beer, beverage, liquor, food and custom mold making products and services. Read more »


Print & Packaging M&A News Update

By Anthony Contaldo | Jan 06, 2017
Print & PackagingM&A activity for North American based target companies in the Print & Packaging sector for Q3 2016 included 54 closed deals, according to data published by industry data tracker FactSet.  The average transaction value was $401 million.
A transaction of note announced early in the quarter was Packaging Corporation of America (NYSE: PKG) announcing that it has entered into a definitive agreement to acquire substantially all of the assets of TimBar Corporation, a large independent corrugated products producer, in a cash-free, debt-free transaction for a cash purchase price of $386 million. PCA is the fourth largest producer of containerboard and corrugated packaging products in the United States and the third largest producer of uncoated free-sheet paper in North America. PCA operates eight mills and 90 corrugated products plants and related facilities.

US commercial printing industry sales are expected to increase between 1.5% and 3% in 2017, according to an industry report and forecast released in September 2016 by printing trade industry association Idealliance. In the first half of 2016, printing industry sales grew just 0.3% from the same period the year before, the weakest growth in three years. Commercial printing industry supply and production capacity continue to outstrip demand as the digitization of information has eroded demand for core services. However, nearly 49% of printers surveyed for Idealliance’s 2016 State of the Industry report said their profits rose in the first half of 2016 compared to the same period in 2015; about 27% said profits had declined. Gains in profitability were achieved mainly by controlling costs, increasing production efficiencies, and winning higher-margin work.

Industry Indicators

  • US corporate profits, an indicator for corporate demand for printing services, fell 4.9% in the second quarter of 2016 compared to the same period in 2015.
  • US nondurable goods manufacturers’ shipments of printed goods, an indicator of demand for commercial printing, rose 0.4% year-to-date in August 2016 compared to the same period in 2015.

Posted by Anthony Contaldo.

Read the Entire Print & Packaging 4th Quarter Newsletter Here