Amcor Rigid Plastics has entered into an agreement to acquire the assets of Sonoco’s Global Plastic blow molding business in North America.
Sonoco manufactures custom rigid plastic bottles, jars, overcaps and closures for the food, beverage, pharmaceutical, health and beauty, and personal care markets in seven plants located in the U.S. and Canada.
“This acquisition will directly support our strategy to meet our customers’ growing needs,” said Mike Schmitt, Amcor Rigid Plastics president. “The combined assets and talents of Amcor Rigid Plastics and Sonoco will allow us to meet strategic customer growth objectives while expanding our extrusion and injection molding assets and adding advanced decorating capabilities.”
Since 2010, Amcor Rigid Plastics has been building a strong position in the specialty container segment through its Diversified Products business unit. With an increased focus on healthcare, food, and home and personal care markets, Amcor Rigid Plastics has developed several in-house capabilities and acquired specialized technologies to help customers grow.
The acquisition is subject to regulatory approvals. Until the transaction is closed, Amcor Rigid Plastics and Sonoco will continue to operate as two separate companies.
Amcor Rigid Plastics Agrees to Acquire Assets of Sonoco’s Global Plastics Blow Molding Business in North America
Acquisition to raise Amcor’s presence in consumer goods and food segments in U.S., Canada
This content was submitted directly to this website by the supplier.
Sep 8th, 2016
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