Packaging company Sonoco has acquired Plastic Packaging, a privately owned flexible packaging manufacturer based in North Carolina.
Plastic Packaging specialises in short-run, customised flexible packaging for consumer brands in various food and beverage categories, including frozen food, baked goods, seafood, heat-sealed chocolate and hard and soft candy.
The US company expects 2016 sales of approximately $42 million and operates two manufacturing facilities in Hickory, North Carolina and Forest City, North Carolina. Between them, the two sites employ approximately 170 people and are both around 150 miles from Sonoco’s headquarters in Hartsville, South Carolina.
Through the acquisition, Sonoco will gain additional lamination, wide and narrow web flexographic printing, and pouch and bag forming capabilities that will allow it to better better serve its current customers and expand its customer base.
“This acquisition grows our flexible packaging assets in the southeast US, adding short-run capabilities that allow us to offer additional speciality and customisation capabilities to our customers,” said Rob Tiede, Sonoco’s senior vice-president for global consumer solutions. “Plastic Packaging complements Sonoco’s existing technologies and leverages our expertise in flexible packaging, while expanding our customer base in complementary markets.”
Terms of the deal were not publicly disclosed.
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