Amcor completes purchase of Sonoco’s rigid plastics blow molding business
Global packaging supplier Amcor has finalized its US$280-million purchase of U.S.-based Sonoco’s rigid plastics blow molding operations.
The deal was first announced on Sept. 2,
Amcor will take control of seven manufacturing facilities in the U.S. and Canada with 850 employees producing containers serving the personal care and food and beverage markets. The disposition of these operations is expected to impact annual sales by approximately US$205 million.
According to Jack Sanders, president and CEO of Hartsville, S.C.-based Sonoco, the decision to sell the blow molding operations was made in order to better focus the company’s consumer packaging portfolio and provide resources to further expand its targeted growth businesses, including flexible packaging, thermoforming plastics and temperature-assurance packaging for transporting pharmaceuticals, biologics, and vaccines.