M&A Deal Summary

Sonoco Acquires Tegrant

On October 10, 2011, Sonoco acquired packaging company Tegrant from Metalmark Capital for 550M USD

Acquisition Highlights
  • This is Sonoco’s 6th transaction in the Packaging sector.
  • This is Sonoco’s 3rd largest (disclosed) transaction.
  • This is Sonoco’s 7th transaction in the United States.
  • This is Sonoco’s 1st transaction in Illinois.

M&A Deal Summary
Date 2011-10-10
Target Tegrant
Sector Packaging
Buyer(s) Sonoco
Sellers(s) Metalmark Capital
Deal Type Add-on Acquisition
Deal Value 550M USD
Advisor(s) Sagent Advisors LLC (Financial)

Target

Tegrant

DeKalb, Illinois, United States
Tegrant Corporation manufactures customized packaging for consumer goods and industrial applications.

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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 9 of 20
Sector (Packaging) 6 of 16
Type (Add-on Acquisition) 8 of 18
State (Illinois) 1 of 2
Country (United States) 7 of 14
Year (2011) 1 of 1
Size (of disclosed) 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-30 Associated Packaging Technologies

Chadds Ford, Pennsylvania, United States

Associated Packaging Technologies,is a manufacturer and supplier of Crystallized Polyethylene Terepthalate (CPET) containers to the frozen food industry,Company is a provider of dual-ovenable, food packaging serving the frozen food industry in North America, Europe and Australia/New Zealand.

Buy $120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-31 Weidenhammer Packaging Group

Hockenheim, Germany

Weidenhammer Packaging Group is a suppliers of composite cans, composite drums and plastic containers with 13 production sites.Weidenhammer customers include international brand product manufacturers Nestle, Unilever, Kellogg's, Mondelez, Rügenwalder Müehle, Imperial Tobacco and BAT.

Buy $383M

Seller(S) 1

SELLER

Metalmark Capital

New York, New York, United States
Category Private Equity Firm
Founded 2004
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Metalmark Capital is an independent private equity group focused on large company transactions in a wide range of industries. Metalmark is a hands-on investment firm looking to build long-term value in its portfolio companies. Broad areas of interest include natural resources/energy, healthcare services, industrials, food, transportation, and financial services. Metalmark was established in 2004 by the former principals of Morgan Stanley Capital Partners to manage the Metalmark Capital and Morgan Stanley Capital Partners funds. Metalmark is based in New York City.

DEAL STATS #
Overall 21 of 40
Sector (Packaging) 2 of 2
Type (Add-on Acquisition) 11 of 20
State (Illinois) 2 of 2
Country (United States) 20 of 37
Year (2011) 1 of 2
Size (of disclosed) 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 PetroSantander

Houston, Texas, United States

PetroSantander is a global, oil focused exploration and production company with current operations in the United States, Colombia, Brazil and Romania. PetroSantander was founded in 1995 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-25 Bostwick Laboratories

Glen Allen, Virginia, United States

Bostwick Laboratories, Inc. is a provider of referral laboratory for prostate and urologic biopsies. Bostwick Laboratories also has expertise and a growing presence in the dermatology, gastroenterology, gynecology, and nephrology sectors of the anatomic pathology market. Bostwick Laboratories was established in and is headquartered in Glen Allen, Virginia.

Buy -
Mergr

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