Sonoco - M&A Summary and Business Overview

PackagingCompany

Sonoco M&A Summary

Sonoco has acquired 19 companies, including 4 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 4 assets.

Sonoco’s largest acquisition to date was in 2021, when it acquired Ball Metalpack for $1.4B. It’s largest disclosed sale occurred in 2016, when it sold Sonoco - Rigid Plastics Blow Molding Operations to Amcor for $280M. Sonoco has acquired in 10 different US states, and 4 countries. The Company’s most targeted sectors include packaging (79%) and manufacturing (11%).

Sonoco Business Overview

Where is Sonoco headquartered?

Sonoco is headquartered in Hartsville, South Carolina.

What is Sonoco’s revenue?

Sonoco disclosed revenue of 5,590M USD for 2021 and 5,237M USD for 2020.

How many employees does Sonoco have?

Sonoco has 20,000 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 Activity23
    • M&A Buy Activity19
    • M&A Sell Activity4
  • Total Sectors Invested 4
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 12
  • M&A Advisors 3

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 (0.8/yr) # 15 1 2 - 1 - 19
vol $2.1B $187M $1.4B $3.6B
Sell (0.2/yr) # 3 - - - 1 - 4
vol $280M $280M
  23

Most Recent M&A

Company Date Value Type
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
Plastic Packaging, Inc. 2016-11-02 - Add-on Acquisition
Hickory, North Carolina · www.ppi-hky.com
Sonoco - Rigid Plastics Blow Molding Operations 2016-09-01 280M USD Divestiture
, United States
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
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 15 (79%) 3.6B (100%) 2 (50%) 280M (100%)
Manufacturing 2 (11%) - - -
Building Materials 1 (5%) - - -
Machinery 1 (5%) - - -
Environmental - - 1 (25%) -
Forest Products - - 1 (25%) -
Total 19 $3.6B 4 $280M

By Geo

State/Country Buy Value Sell Value
United States 14 3.0B 2 280M
  North Carolina 3 250M - -
  Illinois 2 720M - -
  Georgia 2 - - -
  Pennsylvania 1 120M - -
  Ohio 1 - - -
  New York 1 - - -
  Missouri 1 187M - -
  Florida 1 150M - -
  Colorado 1 1.4B - -
  California 1 230M - -
  South Carolina - - 1 -
Brazil 2 - - -
Canada 2 210M - -
  Ontario 1 210M - -
  Manitoba 1 - - -
France - - 1 -
Germany 1 383M - -
Puerto Rico - - 1 -
Domestic 14 (74%) 3.0B (84%) 2 (50%) 280M (100%)
Cross-border 5 (26%) 593M (16%) 2 (50%) -
Total 19 $3.6B 4 $280M

Top M&A Advisors

Financial Deals
Macquarie Capital
2
J.P. Morgan Securities
1
Legal Deals
Freshfields
1

Deal Values

buy # Total
> $1B 1 $1.4B
$100M to $1B 9 $2.3B
TOTAL $3.6B
Largest Ball Metalpack LLC
$1.4B (2021-12-20)
sell # Total
$100M to $1B 1 $280M
TOTAL $280M
Largest Sonoco - Rigid Plastics Blow Molding Operations
$280M (2016-09-01)

M&A Connections

Deals
Acquired from
Investor(s)
32%
6 (32%)
Strategic(s)
5%
1 (5%)
Divested to
Investor(s)
25%
1 (25%)
Strategic(s)
75%
3 (75%)

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