M&A Deal Summary

Sonoco Acquires Highland Packaging Solutions

On March 22, 2018, Sonoco acquired packaging company Highland Packaging Solutions for 150M USD

Acquisition Highlights
  • This is Sonoco’s 12th transaction in the Packaging sector.
  • This is Sonoco’s 10th largest (disclosed) transaction.
  • This is Sonoco’s 11th transaction in the United States.
  • This is Sonoco’s 1st transaction in Florida.

M&A Deal Summary
Date 2018-03-22
Target Highland Packaging Solutions
Sector Packaging
Buyer(s) Sonoco
Deal Type Add-on Acquisition
Deal Value 150M USD

Target

Highland Packaging Solutions

Plant City, Florida, United States
Highland Packaging Solutions is a producer of thermoformed plastic packaging for fresh produce and dairy products, based in Plant City, Fla.

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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 15 of 20
Sector (Packaging) 12 of 16
Type (Add-on Acquisition) 14 of 18
State (Florida) 1 of 1
Country (United States) 11 of 14
Year (2018) 1 of 1
Size (of disclosed) 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-26 Clear Lam Packaging

Elk Grove Village, Illinois, United States

Clear Lam Packaging, Inc. is a developer, manufacturer and converter of innovative flexible and forming film packaging materials used with fresh and processed foods, personal health care products, electronics, household products and industrial products. The company has manufacturing facilities in Elk Grove Village, Ill., and Nanjing, China, and has approximately 400 associates. Clear Lam produces a variety of innovative, multi-layer printed films and rigid roll-stock products for consumer packaged goods companies, retailers and other industrial manufacturers, while developing technologies and structures that minimize impact on the environment.

Buy $170M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-02 ESCO Technologies - Technical Packaging Business

St. Louis, Missouri, United States

ESCO Technologies, Inc. - Technical Packaging Business consists of Thermoform Engineered Quality LLC (TEQ), Plastique Ltd. and Plastique sp. z o.o.

Buy $187M
Mergr

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