Industry News, Mergers and Acquisitions, Printers News

Sonoco Signs Agreement to Acquire Weidenhammer Packaging Group

Transaction will create global leader in rigid paper packaging

Author Image

By: DAVID SAVASTANO

Editor, Ink World Magazine

Sonoco, one of the largest diversified global packaging companies, announced that it has signed a definitive agreement to acquire Weidenhammer Packaging Group, Europe’s leading provider of composite cans along with composite drums and rigid plastic containers, for €286 million, or approximately $383 million, in cash. The final consideration is subject to a normal adjustment of net working capital.   Weidenhammer Packaging, headquartered in Hockenheim, Germany, has approximately 1,100 employees...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters