M&A Deal Summary

Northstar Recycling Acquires Sonoco Sustainability Solutions

On January 31, 2023, Northstar Recycling acquired environmental company Sonoco Sustainability Solutions from Sonoco

Acquisition Highlights
  • This is Northstar Recycling’s 1st transaction in the Environmental sector.
  • This is Northstar Recycling’s 1st transaction in the United States.
  • This is Northstar Recycling’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2023-01-31
Target Sonoco Sustainability Solutions
Sector Environmental
Buyer(s) Northstar Recycling
Sellers(s) Sonoco
Deal Type Divestiture

Target

Sonoco Sustainability Solutions

Hartsville, South Carolina, United States
Sonoco Sustainability Solutions is a managed service provider of customized waste diversion programs.

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Buyer(S) 1

Buyer

Northstar Recycling

East Longmeadow, Massachusetts, United States
Category Company
Founded 1896
Sector Environmental
DESCRIPTION

Northstar Recycling is an asset-light provider of sustainability-oriented managed waste and recycling solutions to food, consumer packaged goods, and other industrial clients. Northstar Recycling helps its customers recycle more and landfill less by diverting organic and other waste streams from landfills into a variety of beneficial reuse applications with the support of its robust network of recycling outlet partners. Northstar Recycling was founded in 1896 and is based in East Longmeadow, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Divestiture) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Sonoco

Hartsville, South Carolina, United States
Category Company
Founded 1899
Sector Packaging
Employees22,000
Revenue 6.8B USD (2023)
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 4 of 4
Sector (Environmental) 1 of 1
Type (Divestiture) 4 of 4
State (South Carolina) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Ball Metalpack

Broomfield, Colorado, United States

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.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 Inapel

São Paulo, Brazil

Inapel is a flexible packaging manufacturer that currently operates two facilities in São Paulo – one in Jundiai and the other in Guarulhos. Production capabilities range from rotogravure printing, adhesive, and extrusion laminations, specialty coatings, cold seal, pouching, and cylinder engraving. Inapel is based in São Paulo, Brazil.

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