Sonoco to acquire Skjern Paper for $88m.

Sonoco, a diversified global packaging company, agreed to acquire Skjern Paper, a manufacturer of paper based in Skjern, Denmark, for $88m. “This acquisition builds on Sonoco’s previously articulated strategy to invest in our core businesses while capitalizing on the growing market for sustainable paper and packaging products in Europe. Skjern has a strong reputation for high quality output from efficient and low emission operations, which aligns well with Sonoco’s overall commitment to a circular economy and the reduction of greenhouse gases. With this acquisition, Sonoco is better positioned to be a trusted provider to new and existing customers and to further accelerate organic growth in Europe. We warmly welcome the Skjern team to the Sonoco family," Howard Coker, Sonoco President and CEO.