|
|
Article: Materials M&As slide in second half of '08; Niche performers are best bet as 2009 acquisitions.(mergers within the plastic industry)(Industry overview)
- Article from:
- Plastics News
- Article date:
- January 26, 2009
- Author:
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Frank Esposito
Timing is important not only in comedy it's also a pretty big deal in mergers and acquisitions.
For example, if you tried to close a materials-related plastics M&A deal in the first half of 2008, you were in pretty good shape. If you waited until the second half of the year well, the story probably didn't have a happy ending.
This condition of caution is likely to continue on into 2008, at least for private equity investors, according to market veterans Thomas Blaige and Bill Bowie.
Plastics News tracked five compounding-related deals in the first half of 2008, but only three in the second half of the year. On ...