Amcor buys assets of Sonoco’s Global Plastics blow molding business in North America
The deal is intended to raise Amcor’s presence in consumer goods and food segments in U.S., Canada.
Packaging supplier Amcor Rigid Plastics has entered into an agreement to acquire the assets of Sonoco’s Global Plastics blow molding business in North America.
Sonoco manufactures custom rigid plastic bottles, jars, overcaps and closures for the food, beverage, pharmaceutical, health and beauty, and personal care markets in seven plants located in the U.S. and Canada.
“The combined assets and talents of Amcor Rigid Plastics and Sonoco will allow us to meet strategic customer growth objectives while expanding our extrusion and injection molding assets and adding advanced decorating capabilities,” said Mike Schmitt, Amcor Rigid Plastics president, in a statement.
The terms of the deal have not been disclosed. Until the transaction is closed, Amcor Rigid Plastics and Sonoco will continue to operate as two separate companies.
Headquartered in Arbor, Mich., Amcor Rigid Plastics is a subsidiary of Amcor Limited, which is based in Melbourne, Australia. Amcor has more than 29,000 workers worldwide, and operates in more than 40 countries in 180-plus sites.