According to Harris DeLoach, Sonoco chairman and CEO, the acquisition of Tegrant has created a North American leader in multi-material protective packaging with more than 40 years of industry experience.
Sonoco’s Protective Packaging businesses operate nearly 40 manufacturing, design and testing facilities in the US, Mexico, Puerto Rico and Ireland, with estimated annualised net sales of $540m.
DeLoach said: “We are pleased to welcome Tegrant’s businesses and its more than 2,000 employees to the Sonoco family. Sonoco’s new protective packaging segment combines our strong application engineering capabilities and problem solving expertise to help deliver custom engineered protective packaging solutions to a variety of growing consumer and industrial markets.
“Sonoco Protective Packaging now has leading positions in fast growing markets, including medical devices, pharmaceuticals, automotive components and health and beauty products, along with expanded access to a variety of industrial markets.”
Source: Sonoco
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