Sonoco completed the acquisition of TEQ for $187m.

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.