Packaging M&A Update

1Q 2021

RESOURCE HIGHLIGHTS

  • The Dow Jones U.S. Containers & Packaging Index rose 5.7% in Q1 2021 but underperformed the Dow Jones Industrial Average Index, which increased 9.1% in the same period
  • M&A deal volume was up 51% to 62 completed transactions in Q1 2021 from 41 deals in the same period in the prior year
  • Strategic buyers accounted for 43.5% of deal volume in Q1 2021 vs PE investors with 56.5%
  • The acquisition of Alcoa Warrick by Kaiser Aluminum (NAS: KALU) for $670 million on March 31, 2021 represented the largest Packaging deal in Q1 2021
  • Stock prices continued the upward momentum while valuation multiples trended lower in Q1 2021 from prior year levels
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