M&A Deal Summary

Sonoco Acquires ESCO Technologies - Technical Packaging Business

On January 2, 2020, Sonoco acquired packaging company ESCO Technologies - Technical Packaging Business from ESCO Technologies for 187M USD

Acquisition Highlights
  • This is Sonoco’s 13th transaction in the Packaging sector.
  • This is Sonoco’s 8th largest (disclosed) transaction.
  • This is Sonoco’s 12th transaction in the United States.
  • This is Sonoco’s 1st transaction in Missouri.

M&A Deal Summary

Date 2020-01-02
Target ESCO Technologies - Technical Packaging Business
Sector Packaging
Buyer(s) Sonoco
Sellers(s) ESCO Technologies
Deal Type Divestiture
Deal Value 187M USD

Target

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.

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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 16 of 20
Sector (Packaging) 13 of 16
Type (Divestiture) 1 of 1
State (Missouri) 1 of 1
Country (United States) 12 of 14
Year (2020) 1 of 1
Size (of disclosed) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-22 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.

Buy $150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 D&W Paper Tube

Chatsworth, Georgia, United States

D&W Paper Tube is a family-owned company that produces 100-percent recycled paperboard convolute tubes, spiral-wound cores, and yarn tubes primarily serving the carpet and textile industry from operations at its Chatsworth facility. D&W Paper Tube was founded in 2000 and is based in Chatsworth, Georgia.

Buy -

Seller(S) 1

SELLER

ESCO Technologies

St. Louis, Missouri, United States

Category Company
Founded 1990
Sector Test/Measurement Equipment
Employees2,894
Revenue 956M USD (2023)
DESCRIPTION

ESCO Technologies is a proven supplier of special purpose utility solutions for electric, gas and water utilities, including hardware and software to support advanced metering applications and fully automated intelligent instrumentation. In addition, the Company provides engineered filtration products to the aviation, space, and process markets worldwide. ESCO Technologies was founded in 1990 and is Headquartered in St. Louis, Missouri.


DEAL STATS #
Overall 2 of 3
Sector (Packaging) 1 of 1
Type (Divestiture) 2 of 3
State (Missouri) 2 of 2
Country (United States) 2 of 3
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-14 Manta Test Systems

Mississauga, Ontario, Canada

Manta Test Systems, Inc. designs, develops, manufactures and markets a stand-alone integrated protection test system that simulates a utility's power system for testing asset protection and control schemes. The unique design of Manta's fully self-contained test set is that it does not require an additional computer nor separate application software to operate.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 Altanova Group

Taino, Italy

Altanova Group is a provider of advanced condition assessment technologies centered around partial discharge (PD) measurement and analysis, as well as test instruments for electrical apparatus. Altanova offers a wide range of diagnostic products, monitoring systems, and services for electrical assets related to power generation, transmission and distribution networks, renewable energy and storage, and process industries, worldwide. Altanova Group was founded in 1938 and is based in Taino, Italy.

Buy -