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The Target Report Annual Review—August 2023 TTM M&A Activity

Viewed from the perspective of M&A activity in the printing, packaging and related graphic communication industries, the pandemic is fading quickly into the rearview mirror, and most printing and packaging businesses are doing well. However, there are some ripples on the water. Deal counts are down, bankruptcies and non-bankruptcy closures have ticked up in the past six months, and the impact of higher interest rates is rolling in. Packaging is still the most active segment but has cooled down considerably. The commercial print, direct mail, and wide format segments are not as active, but desirable candidates still attract a number of suitors and deals are getting done; and more… ....

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