Industry News, Mergers and Acquisitions, Printers News

Sonoco Acquires Sustainable Paper Can Solutions Producer for $49 Million

Can Packaging is projected to produce sales of approximately €23 million or $27 million in 2020.

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By: Anthony Locicero

Copy editor, New York Post

Sonoco announced it has acquired Can Packaging, a privately owned designer and manufacturer of sustainable paper packaging and related manufacturing equipment, based in Habsheim, France, for a total consideration of €41.7 million, or approximately $49 million. https://www.sonoco.com/   Founded by George Sireix in 1989, Can Packaging operates two paper can manufacturing facilities in France along with a research and development center where it designs and builds patented packaging machines an...

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