Plastics Industry M&A Update

RESOURCE HIGHLIGHTS

• In Q2, the Producer Price Index (PPI) for Plastics Material and Resin Manufacturing decreased 0.9%, partly reflecting the impact of declining crude oil prices, which reduced feedstock costs.
• The median EV/EBITDA multiple for reported private equity deals in the Plastics sector increased to 8.8x in 1H 2025 from 2.5x in 2024, but decreased for strategic deals to 5.1x from 8.9x in the prior year.
• M&A deal volume in the sector increased 0.8% in Q2 to 120 deals from 119 in Q1, but increased 29.0% from 93 deals in Q2 of the prior year
• As a % of total capital invested in M&A transactions, private equity participation decreased in 1H to 8.1% from 24.2% in 2024.
• North America was the second most active region, behind Europe, in Q2 with 44 deals. Most notably in North America was Amcor’s acquisition of Berry Global, an Indiana-based producer of rigid and flexible plastic packaging, for $24.7 billion in April 2025.