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Acquisition creates a global leader in rigid paper packaging
October 31, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sonoco announced that it has completed the acquisition of Weidenhammer Packaging Group (WPG), Europe’s leading provider of composite cans along with composite drums and rigid plastic containers, for €286 million, or approximately $360 million, in cash. “We are extremely excited to welcome Weidenhammer’s leadership team and its 1,100 associates into the Sonoco family.,” said M. Jack Sanders, Sonoco president and CEO. “The acquisition creates a global leader in rigid paper packaging and is expe...
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