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.
- US nondurable goods manufacturers’ shipments of printed goods, an indicator of demand for commercial printing, fell 7.0% year-to-date in August 2017 compared to the same period in 2016.
- US nondurable goods manufacturers’ shipments of paper products, an indicator of converted paper product demand, rose 1.9% year-to-date in August 2017 compared to the same period in 2016.
- Total US retail sales, a potential measure of demand for converted paper products, increased 3.8% in the first nine months of 2017 compared to the same period in 2016.
Posted by Anthony Contaldo.