BMO Capital Capital Markets Packaging Group Releases M&A Report
"The last year has been a challenging year for M&A activity in the packaging industry in terms of deal volume, valuations, and interest among all types of acquirers," said Doug Lawson, managing director and head of the BMO Capital Markets packaging practice.
"After a record setting year in 2007, the M&A environment was affected by challenging market conditions in 2008. The credit crisis and a difficult economic environment combined with unprecedented spikes in resin, oil and paperboard prices resulted in a significant slowdown in packaging M&A activity," Lawson added. "While we expect the challenging conditions to persist in 2009, we believe that packaging industry fundamentals remain attractive over the medium-to-long term and the strong rationale for consolidation in the packaging sector continues to exist."
- Companies:
- BMO Capital Markets
- People:
- Doug Lawson