Manufacturing M&A Seen Rising by PwC as CEOs Spend Cash Hoards

Mergers and acquisitions among manufacturers are poised to accelerate, building on the biggest quarter for global deal making since 2007, as companies focus on growth after years of cost cuts, consultant PwC said.

“In terms of deal activity, we’re going to come out of the trough. We’re on the upturn,” said Robert McCutcheon, PwC’s U.S. industrial products leader. “Companies are very much focused on that next stage of inorganic growth and it’s just about timing and when to pull the trigger.”