Industry News, Mergers and Acquisitions, Printers News

Amcor to Acquire North American Rigid Plastics Blow Molding Operations of Sonoco Products Company

Company has annual sales of approximately $210 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Amcor announced an agreement to acquire the North American rigid plastics blow molding operations of Sonoco Products Company, a global packaging company based in the US. The acquisition price of $280 million represents a multiple of 8.0 times LTM EBITDA. The acquisition remains subject to regulatory approvals in the US.   The business has six production sites in the US and one in Canada, and generates annual sales of approximately US$210 million. These facilities service attractive sub-segment...

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