InSight

Exit and Growth Strategies for Middle Market Businesses

M&A Quarterly News In The Plastics and Rubber Industry Sector

By Jim Zipursky | Jun 17, 2019

The report below gives a good overview of the second quarter M&A activity in the Plastics and Rubber Industry Sector. M&A activity for North American based target companies in the Plastics and Rubber sector for Q1 2019 included 27 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions was announced in March when One Rock Capital Partners LLC acquired the assets related to the Process Solutions Business of Newell Brands, Inc. for US$500 million. The transaction includes Plastic Solutions, Consumer Table top, Zinc Products and Applied Materials. The acquired business is involved in manufacturing plastic products. The transaction was subject to customary closing conditions, including regulatory approvals.

Industry Indicators

  • US nondurable goods manufacturers’ shipments of plastics and rubber products, an indicator of plastic and rubber products production, rose 1.2% year-to-date in February 2019 compared to the same period in 2018.
  • The spot price of crude oil, a key raw material in plastic and rubber manufacturing, fell 2.9% in the week ending April 12, 2019, compared to the same week in 2018.

Posted by Jim Zipursky.

Read the Entire Plastics and Rubber 2nd Quarter Newsletter Here


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