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Buys flexible and forming plastic packaging films specialist for approximately $170 million in cash.
July 25, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sonoco announced it has completed the acquisition of Clear Lam Packaging, Inc., a family-held developer and manufacturer of flexible and forming plastic packaging films, for approximately $170 million in cash. Founded in 1969, the Elk Grove Village, IL-based company is projecting 2017 sales of approximately $140 million and operates state-of-the-art manufacturing facilities in Elk Grove Village and Nanjing, China, with nearly 400 total employees. Clear Lam is a technology leader in the devel...
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