Sonoco acquire German packaging giant
Sonoco to Acquire Weidenhammer Packaging for 286 MEUR.
Weidenhammer, which is expected to generate about USD 327 million in sales this year, could help Sonoco boost its consumer-related packaging and services business to 53% of its overall revenue of 5,3 billion, according to Wall Street Journal.
Weidenhammer Packaging, headquartered in Hockenheim, Germany, has approximately 1100 employees and operates 13 production facilities, including five in Germany, along with individual plants in Belgium, France, Greece, The Netherlands, United Kingdom, United States, Chile and Russia.
In addition to producing composite cans, drums and luxury tubes, Weidenhammer produces unique rigid plastic containers using state-of-the-art thin-walled injection molding technology with modern in-mold labeling. Markets served by the company include processed foods, powdered beverages, tobacco, confectionery, personal care, pet food, pharmaceuticals and home and garden products.