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Business Valuation, Selling Your Business, Flexible Packaging

Flexible Packaging Newsletter - Q4 2019

TKO Miller Market Analysis 

  • Flexible packaging multiples have increased 20% since 2015 (see valuation index below) as strategic and financial sponsors continue to place premiums on platform and add-on acquisitions with stable cash flows, non-cyclical end markets, and attractive margin profiles.
  • Packaging continues to remain attractive to private equity investors because it is seen as lower risk and less cyclical than other sectors. PE investors, who often rely on heavy amounts of leverage, like that flexible packaging is driven by counter-cyclical industries such as healthcare, food, or personal care.
  • M&A is being used to create operational efficiencies and growth, which in turn allows acquirors to better compete with larger entities and respond to rapidly changing consumer demands.
  • The industry continues to see steady consolidation with preliminary results showing 28 transactions in 2019, just below 2018’s record 33 transactions. 
  • Flexible packaging used for food sold in retail outlets and to institutions makes up 50% of the $31.8 billion market. This segment has seen growth due to innovative technology and the ability to adapt to consumer preferences.

Recent Flexible Packaging Transactions 

Joe Froehlich
By Joe Froehlich
on Jan 19, 2020 9:00:00 AM
   
Flexible Packaging Newsletter - Q4 2019

TKO Miller Market Analysis 

  • Flexible packaging multiples have increased 20% since 2015 (see valuation index below) as...
Joe Froehlich
By Joe Froehlich
on Jan 19, 2020 9:00:00 AM
Flexible Packaging Newsletter - Q3 2019

TKO Miller Market Analysis 

  • Flexible packaging’s ability to replace other packaging formats has resulted in growth in the...
Joe Froehlich
By Joe Froehlich
on Oct 20, 2019 9:05:00 AM
What Happens to the Cash When I Sell My Business

If you are in the middle of a sale transaction, your M&A advisor or investment banker has probably told you not to do...

Joe Froehlich
By Joe Froehlich
on Sep 24, 2019 7:05:00 AM
Why An Offer to Buy Your Business Isn't Always the $$$ You Get - How to Think About Net Proceeds

You just got an offer to buy your business for $20 million!  That's wonderful.  Don't go buy a $20 million yacht until you...

Joe Froehlich
By Joe Froehlich
on Aug 8, 2019 7:05:00 AM
Flexible Packaging Newsletter - Q2 2019

TKO Miller Market Analysis 

  • Valuations within the flexible packaging market continue to climb as strategic and financial...
Joe Froehlich
By Joe Froehlich
on Jul 23, 2019 7:05:00 AM
Flexible Packaging Newsletter - Q1 2019

TKO Miller Market Analysis 

  • The Flexible Packaging Industry continued its strong growth trajectory in 2018 with an overall...
Joe Froehlich
By Joe Froehlich
on Feb 19, 2019 8:16:39 AM
TKO Miller Advises HFM Packaging, Ltd. on its Sale to PPC Flexible Packaging, LLC, a Portfolio Company of Morgan Stanley Capital Partners

MILWAUKEE, WI (February 6, 2019) – TKO Miller is pleased to announce the successful sale of HFM Packaging, Ltd. to PPC...

Joe Froehlich
By Joe Froehlich
on Feb 6, 2019 2:45:00 PM
TKO Miller Advises Dynamis on its Sale to Applied Systems, Inc.

MILWAUKEE, WI (October 23, 2018) – TKO Miller is pleased to announce the successful acquisition of Dynamis Software...

Joe Froehlich
By Joe Froehlich
on Oct 23, 2018 11:30:45 AM
Is Your Client Ready to Sell Their Business? These Are the Signs

As an advisor to family business owners, we all need to be part-time financial experts, legal experts, tax specialists, and...

Joe Froehlich
By Joe Froehlich
on Sep 25, 2018 7:01:00 AM

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