Forestry products chiefs expect more consolidationFriday 15 Mar 2013
Half of forestry, paper and packaging CEOs in PricewaterhouseCooper’s annual poll said they struck a new strategic alliance or joint venture in the past year. And 34 per cent said they completed a cross-border merger-and-acquisition (M&A), with 32 per cent saying they closed a domestic M&A, the report indicates. In the coming 12 months even more CEOs plan to do deals, with 58 per cent eyeing a strategic alliance or joint venture, 47 per cent a cross-border M&A and 34 per cent a domestic M&A, according to the poll. "The high degree of transactions and partnerships reflects the broadening uses being found for fibre such as bioproducts, biofuels, and textiles," Bruce McIntyre, leader of PwC’s forest, paper and packaging practice in Canada, said in a news release on Monday. PwC’s 16th annual Global CEO Survey is based on 1,330 interviews in 68 countries conducted during the last quarter of 2012, including 38 forestry CEOs in 15 countries. For more information on the survey click here. | ||
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