Industry News, Mergers and Acquisitions, Printers News

Sonoco to Acquire Conitex Sonoco JV

Establishes leadership in global paper-based engineered textile carriers.

Author Image

By: DAVID SAVASTANO

Editor, Ink World Magazine

Sonoco announced it has signed a definitive agreement to acquire the remaining 70% interest in the joint venture of Conitex Sonoco for approximately $133 million in cash. Conitex Sonoco is a vertically integrated, global leader in the manufacture of paper-based cones and tubes used in the textile industry. The transaction is subject to normal international regulatory reviews and is expected to close in the third quarter of 2018.   The Conitex Sonoco joint venture was formed in 1998 between Tex...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters