M&A Deal Summary

Sonoco Acquires Ball Metalpack

On December 20, 2021, Sonoco acquired packaging company Ball Metalpack from Platinum Equity for 1.4B USD

Acquisition Highlights
  • This is Sonoco’s 15th transaction in the Packaging sector.
  • This is Sonoco’s largest (disclosed) transaction.
  • This is Sonoco’s 14th transaction in the United States.
  • This is Sonoco’s 1st transaction in Colorado.

M&A Deal Summary

Date 2021-12-20
Target Ball Metalpack
Sector Packaging
Buyer(s) Sonoco
Sellers(s) Platinum Equity
Deal Type Add-on Acquisition
Deal Value 1.4B USD
Advisor(s) Goldman Sachs (Financial)

Target

Ball Metalpack

Broomfield, Colorado, United States
website
Ball Metalpack supplies innovative, sustainable steel packaging solutions for food and aerosol products in North America. With about 1,300 employees, the private company is based in Broomfield, Colorado, with eight U.S. plants. Ball Metalpack was formed in 2018 and is based in Broomfield, Colorado.

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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 18 of 19
Sector (Packaging) 15 of 15
Type (Add-on Acquisition) 16 of 17
State (Colorado) 1 of 1
Country (United States) 14 of 14
Year (2021) 2 of 2
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 D&W Paper Tube

Chatsworth, Georgia, United States

D&W Paper Tube is a family-owned company that produces 100-percent recycled paperboard convolute tubes, spiral-wound cores, and yarn tubes primarily serving the carpet and textile industry from operations at its Chatsworth facility. D&W Paper Tube was founded in 2000 and is based in Chatsworth, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 Sonoco Sustainability Solutions

Hartsville, South Carolina, United States

Sonoco Sustainability Solutions is a managed service provider of customized waste diversion programs.

Sell -

Seller(S) 1

SELLER

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 75 of 77
Sector (Packaging) 6 of 6
Type (Add-on Acquisition) 37 of 39
State (Colorado) 2 of 2
Country (United States) 62 of 64
Year (2021) 8 of 8
Size (of disclosed) 4 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-11 Sigura

Alpharetta, Georgia, United States

Sigura is a provider of water treatment solutions for residential pool care and industrial water care. The Company has six production facilities in North America, South America, and EMEA, with sales locations globally.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-24 LRG

Berkshire, United Kingdom

LRG specializes in residential property lettings, sales, and associated professional services, including planning and surveying. The group has a nationwide network of 210 branches and offices and manages over 62,000 properties across the UK. LRG was founded in 2016 and is headquartered in Berkshire, United Kingdom.

Buy -