M&A Deal Summary

Sonoco Acquires CorrFlex Graphics

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2004-04-29
Target CorrFlex Graphics
Sector Packaging
Buyer(s) Sonoco
Deal Type Add-on Acquisition
Deal Value 250M USD

Target

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(S) 1

Buyer

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 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 -
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.

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Mergr

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