Industry News, Mergers and Acquisitions, Printers News

Sonoco Completes Acquisition of Corenso Holdings America

Corenso Holdings America produced net sales of approximately $75 million in 2018.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Sonoco announced it completed the acquisition of Corenso Holdings America, Inc. from a company owned by investment funds advised by Madison Dearborn Partners, LLC, and management for $110 million in cash.   Corenso Holdings America (CHA) is a leading US manufacturer of uncoated recycled paperboard (URB) and high-performance cores used in the paper, packaging films, tape, and specialty industries. CHA produced net sales of approximately $75 million in 2018 and operates a 108,000-ton per year unco...

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