Q2 2026

Plastics Sector M&A Update

In Q2, the Producer Price Index (PPI) for Plastics Material and Resin Manufacturing increased 5.1%, reflecting increased feedstock costs due to geopolitical tensions increasing costs of transportation fuels and petrochemical resources.
The median EV/EBITDA multiple for reported strategic deals in the Plastics sector decreased to 3.7x in 1H 2026 from 5.1x in 2025, while no private equity multiples were reported during this period.
M&A Q2 deal volume in the sector increased 1.7% to 120 deals from 118 in Q1, and was unchanged from 120 deals in Q2 of the prior year.
Europe was the most active region in Q2 with 62 deals. Most notably in Europe was Bondalti Capitals’ $379.9 million acquisition of Ercros, a Barcelona-based manufacturer of PVC and other chemical plastics.
Total capital invested in M&A transactions decreased 71.1% in Q2 to $4.4B from $15.2B in Q1, due primarily to large acquisitions in Q1 such as Borealis’ $13.4 billion acquisition of NOVA Chemicals, a manufacturer of chemicals, plastic products, and flexible food packaging, in March 2026.