Announced
Completed
Financials
Tags
Containers and Packaging
Friendly
Acquisition
Single Bidder
Private
United States
Majority
thermoformed packaging
Completed
Cross Border
Synopsis
Sonoco, a global packaging company, completed the acquisition of Thermoform Engineered Quality and Plastique Holdings, global manufacturers of thermoformed packaging serving healthcare, medical device, and consumer markets, from ESCO Technologies, a manufacturer of highly engineered filtration and fluid control products, for $187m. “The fast-growing healthcare packaging space is a key area of growth for Sonoco and with the addition of TEQ we now have a suite of products and services available to become a much larger supplier to healthcare and medical device manufacturers,” Rob Tiede, Sonoco President and CEO.
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