Packaging sector update | Q1 2023 M&A report


22 May 2023

  • External factors such as price volatility for primary and secondary materials continue to suppress sector margins
  • Greek companies are ramping up investments in manufacturing and R&D - greener product mix, diversification and energy inflation in the spotlight
  • M&A activity during the first quarter of 2023 remained muted on the back of decreasing demand from strategics, while rising borrowing costs are hurting investors’ appetite
  • Most of the industry’s sub-sectors have witnessed an increase in multiples over Q1 2023