M&A Deal Summary

TOPPAN Acquires Sonoco Products - Thermoformed & Flexible Packaging

On December 18, 2024, TOPPAN acquired packaging company Sonoco Products - Thermoformed & Flexible Packaging from Sonoco for 1.8B USD

Acquisition Highlights
  • This is TOPPAN’s 1st transaction in the Packaging sector.
  • This is TOPPAN’s largest (disclosed) transaction.
  • This is TOPPAN’s 2nd transaction in the United States.
  • This is TOPPAN’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2024-12-18
Target Sonoco Products - Thermoformed & Flexible Packaging
Sector Packaging
Buyer(s) TOPPAN
Sellers(s) Sonoco
Deal Type Divestiture
Deal Value 1.8B USD

Target

Sonoco Products - Thermoformed & Flexible Packaging

Hartsville, South Carolina, United States
Sonoco Products' Thermoformed & Flexible Packaging specializes in providing packaging solutions for various industries, including food, retail, and medical sectors. Sonoco Products' Thermoformed & Flexible Packaging is based in Hartsville, South Carolina.

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Buyer(S) 1

Buyer

TOPPAN

Tokyo, Japan

Category Company
Founded 1900
Sector Business Services
Employees53,712
Revenue 1.68T JPY (2024)
DESCRIPTION

TOPPAN provides a wide range of business activities based on "printing technology" and spanning three business fields: "Information and Communication," "Lifestyle and Industry," and "Electronics." TOPPAN was founded in 1900 and is headquartered in Tokyo, Japan.


DEAL STATS #
Overall 2 of 2
Sector (Packaging) 1 of 1
Type (Divestiture) 2 of 2
State (South Carolina) 1 of 1
Country (United States) 2 of 2
Year (2024) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-18 HID - Citizen Identity Solutions Business

Austin, Texas, United States

HID's CID provides identity solutions.

Buy -

Seller(S) 1

SELLER

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 5 of 5
Sector (Packaging) 3 of 3
Type (Divestiture) 5 of 5
State (South Carolina) 2 of 2
Country (United States) 3 of 3
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-24 Eviosys

Baar, Switzerland

Eviosys is a provider of metal packaging, producing food cans and ends, aerosol cans, metal closures and promotional packaging to preserve the products of hundreds of consumer brands. Eviosys was formed in 2021 and is headquartered in Baar, Switzerland.

Buy $3.9B