Announced
Completed
Financials
Tags
Domestic
Friendly
United States
Private
Single Bidder
Containers and Packaging
Acquisition
packaging
Majority
Completed
Synopsis
Hood Container, an integrated paperboard and specialty paper manufacturer, completed the acquisition of the display and packaging business from Sonoco, a global packaging company, for $80m. “Our US display and packaging business has been an industry pioneer with a legacy of providing innovative solutions for complex supply chain challenges. However, Sonoco is focused on growing our core consumer and industrial packaging businesses around the world, and by divesting this business we expect to apply proceeds to further invest in ourselves while returning value to our shareholders,” Howard Coker, Sonoco President and CEO.
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