Industry News, Mergers and Acquisitions, Printers News

Sonoco to Acquire Skjern Paper in Denmark

Looks to expand European manufacturing operations.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Sonoco announced it has entered into a definitive agreement to acquire S.P. Holding, Skjern A/S, a privately owned manufacturer of paper based in Skjern, Denmark. The acquisition expands production capacity for customers and Sonoco converting operations throughout Europe and bordering regions. The estimated $88 million (675 million DKK) all-cash transaction has been unanimously approved by Sonoco’s Board of Directors and is expected to be completed in the fourth quarter of 2022, subject to cu...

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