Editor’s note this story can be found at Plastic News.com
By Frank Esposito | PLASTICS NEWS STAFF
AKRON, OHIO (Jan. 25, 2:30 p.m. ET) — Any lingering uncertainty from 2009 and 2010 has turned into full-blown optimism in 2011 for the plastics mergers and acquisitions market.
Several M&A pros contacted recently by Plastics News observed the market strengthening in the second half of 2010 — with distressed deals being replaced by quality ones — and said that they expect this trend of more and better deals to continue on into 2011.
Globally, the number of deals in the plastics and packaging market increased from 340 in 2009 to 384 in 2010, according to P&M Corporate Finance LLC, a financial firm in Southfield, Mich. That’s an increase of almost 13 percent.
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