The level of mergers and acquisitions will increase next year as companies look to maintain profitability, according to a new report from financial services firm Deloitte.
Two-thirds of companies in the consumer products sector said they were optimistic about M&A activity, alongside predicting positive growth for future profitability.
Corporate finance partner at Deloitte in Leeds, Martin Jenkins, reported that the potential rise in acquisitions could be attributed to companies seeking ways to drive further cost base efficiencies or find ways to offset reductions in profit margins, and that acquiring competitor businesses is one way to achieve this.
