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Announced

Completed

Sonoco Products completed the acquisition of Ball Metalpack for $1.35bn.

Financials

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Transaction Value£1,019m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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packaging

Containers and Packaging

United States

Domestic

Majority

Friendly

Acquisition

Single Bidder

Private

Private Equity

Completed

Synopsis

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Sonoco Products, a packaging products provider, completed the acquisition of Ball Metalpack, a supplier of sustainable metal packaging for food, for $1.35bn. “This acquisition fits our strategy of investing in Sonoco’s core businesses as it complements our largest Consumer Packaging franchise – our iconic global Paper Cans and Closures business. In addition, it further expands our already established sustainable packaging portfolio with metal packaging, which is the most recycled packaging substrate in the US,” Howard Coker, Sonoco Products CEO.

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