Industry News, Mergers and Acquisitions, Printers News

Sonoco to Acquire Clear Lam Packaging

Expands company into high barrier flexible and forming films capability.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Sonoco announced it has signed a definitive agreement to acquire 100% of the stock of Clear Lam Packaging, Inc., a family-held developer and manufacturer of flexible and forming plastic packaging films. for approximately $170 million in cash. The transaction is subject to normal regulatory review and is expected to close in the third quarter of 2017.   Founded in 1969, the Elk Grove Village, IL-based company is projecting 2017 sales of approximately $140 million and operates state-of-the-art m...

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