Sonoco - M&A Summary and Business Overview

PackagingCompany

Sonoco M&A Summary

Sonoco has acquired 20 companies, including 5 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 5 assets.

Sonoco’s largest acquisition to date was in 2024, when it acquired Eviosys Packaging Switzerland for $3.9B. It’s largest disclosed sale occurred in 2024, when it sold Sonoco Products - Thermoformed & Flexible Packaging to TOPPAN Holdings for $1.8B. Sonoco has acquired in 10 different US states, and 5 countries. The Company’s most targeted sectors include packaging (80%) and manufacturing (10%).

Sonoco Business Overview

Where is Sonoco headquartered?

Sonoco is headquartered in Hartsville, South Carolina.

What is Sonoco’s revenue?

Sonoco disclosed revenue of 6,781M USD for 2023 and 7,251M USD for 2022.

How many employees does Sonoco have?

Sonoco has 22,000 employees.

What sector is Sonoco in?

Sonoco is a packaging company.

When was Sonoco founded?

Sonoco was founded in 1899.

M&A Summary

  • M&A Total Activity25
    • M&A Buy Activity20
    • M&A Sell Activity5
  • Total Sectors Invested 4
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 14
  • M&A Advisors 6

Sonoco

Sonoco Products Co.

1 North Second Street,
Hartsville, South Carolina 29550
United States,
(843) 383-7000
www.sonoco.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 15 1 2 - 1 1 20
vol $2.1B $187M $1.4B $3.9B $7.5B
Sell (0.4/yr) # 3 - - - 1 1 5
vol $280M $1.8B $2.1B
  25

Most Recent M&A

Company Date Value Type
Sonoco Products - Thermoformed & Flexible Packaging 2024-12-18 1.8B USD Divestiture
Hartsville, South Carolina
Eviosys Packaging Switzerland GmbH 2024-06-24 3.9B USD Add-on Acquisition
Baar, Switzerland · www.eviosys.com
Inapel Embalagens Ltda. 2023-12-01 - Add-on Acquisition
São Paulo, Brazil · www.inapel.com.br
Sonoco Sustainability Solutions 2023-01-31 - Divestiture
Hartsville, South Carolina
Ball Metalpack LLC 2021-12-20 1.4B USD Add-on Acquisition
Broomfield, Colorado · www.ballmetalpack.com
D&W Paper Tube, Inc. 2021-11-08 - Add-on Acquisition
Chatsworth, Georgia · www.dwpapertube.com
ESCO Technologies, Inc. - Technical Packaging Business 2020-01-02 187M USD Divestiture
St. Louis, Missouri
Highland Packaging Solutions 2018-03-22 150M USD Add-on Acquisition
Plant City, Florida · www.highcor.com
Clear Lam Packaging, Inc. 2017-06-26 170M USD Add-on Acquisition
Elk Grove Village, Illinois · www.clearlam.com
Peninsula Packaging Co. 2017-02-16 230M USD Add-on Acquisition
Exeter, California · www.penpack.net
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Peninsula Packaging Co. 2017-02-16 Blue Star Group (New Zealand) Ltd. 2024-01-01 1
Exeter, California · www.penpack.net Auckland, New Zealand · www.bluestar.co.nz
Sonoco ThermoSafe    - Laminar Medica Ltd. 2016-09-20 2
Arlington Heights, Illinois · www.thermosafe.com Tring, United Kingdom · www.laminarmedica.com
Sonoco ThermoSafe    - AAR - Cold Chain Solutions Assets 2016-09-06 1
Arlington Heights, Illinois · www.thermosafe.com , United States
Sonoco UK Ltd.    - Robinson Paperboard Packaging Ltd. 2011-07-04 1
, United Kingdom Chesterfield,, United Kingdom · www.robinsonpackaging.com/Paper/index.html

M&A by Sector

Sector Buy # Value Sell # Value
Packaging 16 (80%) 7.5B (100%) 3 (60%) 2.1B (100%)
Manufacturing 2 (10%) - - -
Building Materials 1 (5%) - - -
Machinery 1 (5%) - - -
Environmental - - 1 (20%) -
Forest Products - - 1 (20%) -
Total 20 $7.5B 5 $2.1B

By Geo

State/Country Buy Value Sell Value
United States 14 3.0B 3 2.1B
  North Carolina 3 250M - -
  Illinois 2 720M - -
  Georgia 2 - - -
  South Carolina - - 2 1.8B
  Pennsylvania 1 120M - -
  Ohio 1 - - -
  New York 1 - - -
  Missouri 1 187M - -
  Florida 1 150M - -
  Colorado 1 1.4B - -
  California 1 230M - -
Brazil 2 - - -
Canada 2 210M - -
  Ontario 1 210M - -
  Manitoba 1 - - -
France - - 1 -
Germany 1 383M - -
Puerto Rico - - 1 -
Switzerland 1 3.9B - -
Domestic 14 (70%) 3.0B (40%) 3 (60%) 2.1B (100%)
Cross-border 6 (30%) 4.5B (60%) 2 (40%) -
Total 20 $7.5B 5 $2.1B

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
 2
Macquarie Capital
 2
Goldman Sachs
 1
Legal Deals
Freshfields Bruckhaus Deringer
 3

Deal Values

buy # Total
> $1B 2 $5.3B
$100M to $1B 9 $2.3B
TOTAL $7.5B
Largest Eviosys Packaging Switzerland GmbH
$3.9B (2024-06-24)
sell # Total
> $1B 1 $1.8B
$100M to $1B 1 $280M
TOTAL $2.1B
Largest Sonoco Products - Thermoformed & Flexible Packaging
$1.8B (2024-12-18)

M&A Connections

Deals
Acquired from
Investor(s)
35%
7 (35%)
Strategic(s)
5%
1 (5%)
Divested to
Investor(s)
20%
1 (20%)
Strategic(s)
80%
4 (80%)

Company Summary

SECTOR

Packaging

Revenue

6,781   7% 2023
7,251   30% 2022
5,590   7% 2021
5,237   3% 2020
5,374   1% 2019
5,391   8% 2018
5,037   6% 2017
4,783   4% 2016
4,964   2% 2015
5,015   4% 2014
4,861   1% 2013
4,813   2012
(millions of USD) Show More Show Less

Employees

22,000

Established

1899

Public

NYSE: SON

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