Industry News, Mergers and Acquisitions, Printers News

Sonoco Divests US Display Business to Hood Container

Sonoco seeks to focus on its core Consumer and Industrial packaging businesses.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Intending to focus on its global Consumer and Industrial packaging businesses, Sonoco divested its US Display and Packaging business to Hood Container Corporation for $80 million in cash.   Sonoco’s US Display and Packaging business produced net sales of approximately $135 million in 2020. The business provides point-of-purchase display design, manufacturing and fulfillment as well as contract packaging services for consumer product customers with more than 250 brands.   With approximate...

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