Industry News, Mergers and Acquisitions, Printers News

Sonoco Completes Acquisition of Conitex Sonoco JV

Conitex Sonoco is a vertically integrated leader in paper-based cones and tubes used in the textile industry.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Sonoco announced it has completed the acquisition of the remaining 70% interest in the joint venture of Conitex Sonoco, a vertically integrated global leader in the manufacture of paper-based cones and tubes used in the textile industry.   The Conitex Sonoco joint venture was formed in 1998 between Texpack, Inc., a Spanish-based global provider of paper-based packaging products, and Sonoco’s former North America textile cone business. Sonoco acquired the remaining 70% interest from Texpack, Inc....

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