Plastics M&A Update – October 2025

Plastics Industry M&A Activity Tracking

Global Plastics M&A expanded in October posting 40 deals during the month, an increase of seven deals from September figures but falling short of the record-setting activity seen last October. This marks the second consecutive month of growing M&A activity and the second-highest monthly deal volume of 2025. Strategic buyer demand remains steady while financial buyer activity grew month-over-month, primarily due to an uptick in platform acquisitions. Coming into the final months of 2025, the plastics M&A market is showing sustained demand and appears posed for a strong Q4.

• Specialty plastics posted another strong month in October with 21 deals announced. On the year, the subsector is tracking to outpace last year’s elevated activity, driven by growth within Composites and Chemicals. The Sheet & Thermoforming subsector had another strong month, notching two or more deals for the third time this year. This marks a bright spot in an otherwise soft year of activity for the subsector
• Both strategic and financial buyers were active during the month as each buyer type matched or exceeded average monthly activity for the year. Notably, private equity platform acquisitions were up seven deals month-over-month and eclipsed double digits for the fourth time this year.
• Cross-border transactions increased meaningfully, tallying six such transactions in October compared to just two in the prior month. 21 deals involving two foreign parties were announced in October, exceeding 2025 monthly averages by four deals
• With 31 deals during the month, the Industrial subsector experienced its most active month since the beginning of 2024. Notably, no Consumer plastics M&A transactions were announced, which has not occurred in more than two years

Sources: S&P Capital IQ, Company Websites, Pitchbook, Company Reports, PMCF

Major News​

• Recycled Resin Prices in Europe Continue to Drift Downward (Plastics News)
  https://www.plasticsnews.com/news/european-recyclate-prices-continue-drift-downward
• Plastics Manufacturing Outpaces All US Manufacturing Growth (Plastics Today)
  https://www.plasticstoday.com/industry-trends/plastics-manufacturing-outpaces-all-us-manufacturing-growth
• US Tariffs Show Early Impact on Plastics Industry (Plastics Today)
  https://www.plasticstoday.com/legislation-regulations/us-tariffs-begin-impacting-plastic-industry-supply
• Bigger Washington Role in Recycling Will Boost Economy, ACC Says (Plastics News)
  https://www.plasticsnews.com/public-policy/national-chemical-recycling-rules-epr-could-give-us-economy-boost-acc-says
• Trump Meets With Xi, Declares Immediate Cut to Tariffs (The Wall Street Journal)
  https://www.wsj.com/world/china/trump-meets-xi-for-high-stakes-u-s-china-summit-a9c7738f?mod=trade_more_article_pos3
• Future Fed Rate Cuts ‘Far’ From Certain After Divided Meeting (The Wall Street Journal)
  https://www.wsj.com/economy/central-banking/fed-cuts-interest-rates-federal-reserve-by-another-quarter-point-but-data-blackout-obscures-the-path-ahead-0268bdf6?mod=central-banking_more_article_pos14