M&A Deal Summary

Sonoco Acquires Plastic Packaging

On November 2, 2016, Sonoco acquired packaging company Plastic Packaging

Acquisition Highlights
  • This is Sonoco’s 9th transaction in the Packaging sector.
  • This is Sonoco’s 8th transaction in the United States.
  • This is Sonoco’s 3rd transaction in North Carolina.

M&A Deal Summary
Date 2016-11-02
Target Plastic Packaging
Sector Packaging
Buyer(s) Sonoco
Deal Type Add-on Acquisition

Target

Plastic Packaging

Hickory, North Carolina, United States
Plastic Packaging, Inc. is a provider of customized flexible packaging for consumer brands in markets including: food products (i.e. frozen foods, baked goods, seafood), pet products (i.e. dry food, bird seed, litter), confection (i.e. seasonal promotions, heat-sealed chocolate packaging, hard and soft candy) and health and personal care (i.e. nutraceuticals, diapers, tissues/wipes).

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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 12 of 20
Sector (Packaging) 9 of 16
Type (Add-on Acquisition) 11 of 18
State (North Carolina) 3 of 3
Country (United States) 8 of 14
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-01 Sonoco - Rigid Plastics Blow Molding Operations

United States

Sonoco - Rigid Plastics Blow Molding Operations include seven manufacturing facilities in the U.S. and Canada with 850 employees producing containers serving the personal care and food and beverage markets.

Sell $280M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-16 Peninsula Packaging

Exeter, California, United States

Peninsula Packaging Co. is a provider of custom thermoformed plastic packaging products targeting higher growth segments of the fresh produce and bakery markets. Peninsula Packaging has a fully integrated operating platform, which includes extrusion, thermoforming and labeling at its two production facilities located in Exeter, California and Wilson, North Carolina.

Buy $230M
Mergr

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