Sonoco buys flexible packager Plastic Packaging Inc.
Global packaging supplier Sonoco Products Company has acquired flexible packager Plastic Packaging Inc. (PPI) for an undisclosed price.
In a statement, Hartsville, S.C.-based Sonoco said it gains additional lamination, wide and narrow web flexographic printing, and pouch and bag forming capabilities through the purchase.
“This acquisition grows our flexible packaging assets in the Southeast U.S., adding short-run capabilities that allow us to offer additional specialty and customization capabilities to our customers,” said Rob Tiede, Sonoco’s senior vice president for global consumer solutions. “PPI complements Sonoco’s existing technologies and leverages our expertise in flexible packaging, while expanding our customer base in complementary markets.”
PPI is forecasting 2016 sales of approximately US$42 million and operates two manufacturing facilities in Hickory and Forest City, N.C. The company, which was founded in 1957, is headquartered in Hickory and employs approximately 170 workers.