Sonoco Mergers and Acquisitions Summary

PackagingCompany

Sonoco has acquired 17 companies, including 6 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 3 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 (83%) and building materials (6%).

Join Mergr and gain access to Sonoco’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the packaging sector.

M&A Summary

  • M&A Total Activity20
    • M&A Buy Activity17
    • M&A Sell Activity3
  • Total Sectors Invested 4
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 10
  • 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 ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.8/yr) # 13 1 - 1 2 - 17
vol $1.9B $150M $187M $1.4B $3.6B
Sell (0.0/yr) # 3 - - - - - 3
vol $280M $280M
  20

Most Recent M&A

Company Date Value Type
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
Tegrant Alloyd Brands of Puerto Rico, Inc. 2016-07-07 - Divestiture
Juncos, Puerto Rico
Cenpa SAS 2016-01-01 - Divestiture
Schweighouse-Sur-Moder, France · www.cenpa.fr
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 14 (82%) 3.6B (100%) 2 (67%) 280M (100%)
Building Materials 1 (6%) - - -
Machinery 1 (6%) - - -
Manufacturing 1 (6%) - - -
Forest Products - - 1 (33%) -
Total 17 $3.6B 3 $280M

By Geo

State/Country Buy Value Sell Value
United States 13 3.0B 1 280M
  North Carolina 3 250M - -
  Illinois 2 720M - -
  Pennsylvania 1 120M - -
  Ohio 1 - - -
  New York 1 - - -
  Missouri 1 187M - -
  Georgia 1 - - -
  Florida 1 150M - -
  Colorado 1 1.4B - -
  California 1 230M - -
Canada 2 210M - -
  Ontario 1 210M - -
  Manitoba 1 - - -
Brazil 1 - - -
France - - 1 -
Germany 1 383M - -
Puerto Rico - - 1 -
Domestic 13 (76%) 3.0B (84%) 1 (33%) 280M (100%)
Cross-border 4 (24%) 593M (16%) 2 (67%) -
Total 17 $3.6B 3 $280M

Top M&A Advisors

Financial Deals
Macquarie Capital
2
J.P. Morgan Securities LLC
1
Legal Deals
Freshfields Bruckhaus Deringer LLP
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)
35%
6 (35%)
Strategic(s)
6%
1 (6%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

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