M&A Deal Summary

Sonoco Acquires Clear Lam Packaging

On June 26, 2017, Sonoco acquired packaging company Clear Lam Packaging for 170M USD

Acquisition Highlights
  • This is Sonoco’s 11th transaction in the Packaging sector.
  • This is Sonoco’s 8th largest (disclosed) transaction.
  • This is Sonoco’s 10th transaction in the United States.
  • This is Sonoco’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2017-06-26
Target Clear Lam Packaging
Sector Packaging
Buyer(s) Sonoco
Deal Type Add-on Acquisition
Deal Value 170M USD
Advisor(s) Edmond de Rothschild Corporate Finance (Financial)

Target

Clear Lam Packaging

Elk Grove Village, Illinois, United States
website
Clear Lam Packaging, Inc. is a developer, manufacturer and converter of innovative flexible and forming film packaging materials used with fresh and processed foods, personal health care products, electronics, household products and industrial products. The company has manufacturing facilities in Elk Grove Village, Ill., and Nanjing, China, and has approximately 400 associates. Clear Lam produces a variety of innovative, multi-layer printed films and rigid roll-stock products for consumer packaged goods companies, retailers and other industrial manufacturers, while developing technologies and structures that minimize impact on the environment.

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Buyer(S) 1

Buyer

Sonoco

Hartsville, South Carolina, United States

website

Category Company
Founded 1899
Sector Packaging
Employees20,000
Revenue 5.6B USD (2021)
DESCRIPTION

Sonoco is a provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. Sonoco Products was founded in 1899 and is based in Hartsville, South Carolina.

DEAL STATS #
Overall 14 of 19
Sector (Packaging) 11 of 15
Type (Add-on Acquisition) 13 of 17
State (Illinois) 2 of 2
Country (United States) 10 of 14
Year (2017) 2 of 2
Size (of disclosed) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-16 Peninsula Packaging

Exeter, California, United States

Peninsula Packaging Co. is a provider of custom thermoformed plastic packaging products targeting higher growth segments of the fresh produce and bakery markets. Peninsula Packaging has a fully integrated operating platform, which includes extrusion, thermoforming and labeling at its two production facilities located in Exeter, California and Wilson, North Carolina.

Buy $230M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-22 Highland Packaging Solutions

Plant City, Florida, United States

Highland Packaging Solutions is a producer of thermoformed plastic packaging for fresh produce and dairy products, based in Plant City, Fla.

Buy $150M
Mergr

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