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.
- US corporate profits, an indicator for corporate demand for printing services, rose 2.7% in the fourth quarter of 2017 compared to the same period in 2016.
- US nondurable goods manufacturers’ shipments of printed goods, an indicator of demand for commercial printing, fell 0.5% year-to-date in February 2018 compared to the same period in 2017.
Posted by Jeff Wright.
Read the Entire Print and Packaging 2nd Quarter Newsletter Here