Add-on Acquisition • Packaging

Sonoco Acquires CorrFlex Graphics

On April 29, 2004, Sonoco acquired packaging company CorrFlex Graphics for 250M USD

Acquisition Context

This is Sonoco’s 2nd transaction in the Packaging sector.
This is Sonoco’s 5th largest (disclosed) transaction.
This is Sonoco’s 4th transaction in the United States.
This is Sonoco’s 1st transaction in North Carolina.

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M&A Deal Summary
Date	April 29, 2004
Target	CorrFlex Graphics
Sector	Packaging
Buyer(s)	Sonoco
Deal Type	Add-on Acquisition
Deal Value	250M USD

Target Company

CorrFlex Graphics

Statesville, North Carolina, United States

CorrFlex Display & Packaging is a designs, manufactures, assembles, packs and distributes temporary, semi-permanent and permanent P-O-P displays as well as provides contract packaging, co-packing and fulfillment services for major consumer product companies.

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Buyer Overview 1

Buyer

Sonoco

Hartsville, South Carolina, United States

Category	Company
Founded	1899
Sector	Packaging
Employees	28,000
Revenue	5.3B USD (2024)

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 Context for Buyer	#
Overall	4 of 20
Sector: Packaging	2 of 16
Type: Add-on Acquisition	3 of 18
State: North Carolina	1 of 3
Country: United States	4 of 14
Year: 2004	1 of 2
Size (of disclosed)	5 of 11

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2001-09-14	Phoenix Packaging Canton, Ohio, United States Phoenix is a manufacturer of easy-opening and pour-opening lids for the food and nutrition markets. In December 1997, the company acquired Northern, a competitive manufacturer of easy-opening and pour-opening lids also used for the food and nutrition markets. The company's headquarters and manufacturing facilities are located in the greater Canton, OH area.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2001-09-14

Phoenix Packaging

Canton, Ohio, United States

Phoenix is a manufacturer of easy-opening and pour-opening lids for the food and nutrition markets. In December 1997, the company acquired Northern, a competitive manufacturer of easy-opening and pour-opening lids also used for the food and nutrition markets. The company's headquarters and manufacturing facilities are located in the greater Canton, OH area.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2004-05-28	Sonoco Display and Packaging Winston Salem, North Carolina, United States Sonoco Display and Packaging LLC is a provider of point-of-purchase display and packaging services.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2004-05-28

Sonoco Display and Packaging

Winston Salem, North Carolina, United States

Sonoco Display and Packaging LLC is a provider of point-of-purchase display and packaging services.

Buy

Explore Related M&A Activity

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