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New Deal


Announced

Completed

Sonoco completed the acquisition of TEQ for $187m.

Financials

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Transaction Value£144m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Containers and Packaging

Friendly

Acquisition

Single Bidder

Private

United States

Majority

thermoformed packaging

Completed

Cross Border

Synopsis

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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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