M&A Deal Summary

Amcor Acquires Sonoco - Rigid Plastics Blow Molding Operations

On September 1, 2016, Amcor acquired packaging company Sonoco - Rigid Plastics Blow Molding Operations from Sonoco for 280M USD

Acquisition Highlights
  • This is Amcor’s 14th transaction in the Packaging sector.
  • This is Amcor’s 2nd largest (disclosed) transaction.
  • This is Amcor’s 4th transaction in the United States.

M&A Deal Summary
Date 2016-09-01
Target Sonoco - Rigid Plastics Blow Molding Operations
Sector Packaging
Buyer(s) Amcor
Sellers(s) Sonoco
Deal Type Divestiture
Deal Value 280M USD

Target

Sonoco - Rigid Plastics Blow Molding Operations

United States
Sonoco - Rigid Plastics Blow Molding Operations include seven manufacturing facilities in the U.S. and Canada with 850 employees producing containers serving the personal care and food and beverage markets.

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Buyer(S) 1

Buyer

Amcor

Zurich, Switzerland

website

Category Company
Sector Packaging
Employees44,000
Revenue 14.5B USD (2022)
DESCRIPTION
Amcor's corporate headquarters in Zurich, Switzerland.
Amcor's corporate headquarters in Zurich, Switzerland.

Amcor is a global packaging solutions provider that specializes in delivering packaging solutions to a diverse range of industries. Amcor designs and produces an extensive array of packaging products, including flexible and rigid packaging, specialty cartons, and advanced packaging technologies. Amcor is based in Zurich, Switzerland.

DEAL STATS #
Overall 17 of 21
Sector (Packaging) 14 of 17
Type (Divestiture) 7 of 8
Country (United States) 4 of 5
Year (2016) 5 of 5
Size (of disclosed) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-12 Plastic Moulders

Toronto, Ontario, Canada

Plastic Moulders Ltd. is a manufacturer of high precision injection moulded plastic products for use in the consumer products, pharmaceutical and specialty automotive industries. Plastic Moulders operates from facilities in Toronto and serves a blue chip customer base throughout North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-04 Plasticos Team S.A.S

Guachene, Colombia

Plasticos Team S.A.S is a producer and distributor of preforms, bottles, thin-wall containers, and closures. Plasticos Team S.A.S is headquartered in Guachene, Colombia.

Buy -

Seller(S) 1

SELLER

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 3 of 4
Sector (Packaging) 2 of 2
Type (Divestiture) 3 of 4
Country (United States) 1 of 2
Year (2016) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-07 Tegrant Alloyd Brands of Puerto Rico

Juncos, Puerto Rico

Tegrant Alloyd Brands of Puerto Rico, Inc. is a manufacturer of thermoformed rigid packaging primarily for the medical market whose customers include some of the best known medical device and pharmaceutical customers. TABPR packaging products include trays, clamshells, and blisters.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-02 Plastic Packaging

Hickory, North Carolina, United States

Plastic Packaging, Inc. is a provider of customized flexible packaging for consumer brands in markets including: food products (i.e. frozen foods, baked goods, seafood), pet products (i.e. dry food, bird seed, litter), confection (i.e. seasonal promotions, heat-sealed chocolate packaging, hard and soft candy) and health and personal care (i.e. nutraceuticals, diapers, tissues/wipes).

Buy -
Mergr

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