M&A News In The Plastics and Rubber Industry Sector

M&A News In The Plastics and Rubber Industry Sector

By Jim Zipursky

October 09, 2017

The report below provides a good overview of the 3rd 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 Q2 2017 included 24 closed deals, according to data published by industry data tracker FactSet. The average purchase price was $73million.

The high-performance tire sector has been among the fastest-growing parts of the tire market. According to a recent report from Smithers Rapra, The Future of High-Performance Tires to 2022, the high-performance tire market will grow at 6.3 percent year-on-year through to 2022 reaching a market value of $74.7 billion, up from $54.9 billion in 2017.

Industry Indicators

  • US nondurable goods manufacturers’ shipments of plastics and rubber products, an indicator of plastic and rubber products production, rose 0.1% year-to-date in May 2017 compared to the same period in 2016.
  • The spot price of crude oil, a key raw material in plastic and rubber manufacturing, fell 6.1% in the week ending July 7, 2017, compared to the same week in 2016.

Posted by Jim Zipursky.

Read the Entire Plastics and Rubber 3rd Quarter Newsletter Here