Sonoco Acquires French Packaging Manufacturer
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Hartsville, South Carolina based Sonoco, last week an- nounced that it has acquired Can Packaging, a privately owned designer and manufacturer of sustainable paper packaging and related manufacturing equipment, based in Habsheim, France, for total consideration of €41.7 mil- lion, or approximately $49 million. Founded by George Sireix in 1989, Can Packaging op- erates two paper can manufacturing facilities in France along with a research and development center where it designs and builds patented packaging machines and sealing equipment. Can Packaging is projected to produce sales of approximately €23 million or $27 million in 2020 and provides sustainable paperboard packaging to a num- ber of large consumer food brands distributed across Eu- rope. The business has approximately 60 employees. “We are extremely pleased to have Can Packaging join- ing Sonoco’s growing portfolio of sustainable packaging solutions,” said Howard Coker, President and CEO. “This acquisition provides us many new innovations, including patented technology to produce a recyclable, high perfor- mance all-paper package, that can be made round, square, rectangular, oval, oblong or triangular. These innovations will complement our global Rigid Paperboard Container franchise and packaging portfolio.”
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www.boardconvertingnews.com
August 10, 2020
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