Sonoco completes acquisition of Weidenhammer Packaging Group in Europe
US-based packaging company Sonoco has completed the US$360 million acquisition of Weidenhammer Packaging Group (WPG), a European supplier of composite cans, drums and rigid plastics containers.
"The acquisition creates a global leader in rigid paper packaging and is expected to increase Sonoco's combined global consumer-related packaging and services business to approximately US$2.8 billion in annual sales or approximately 53% of the Company's combined revenue of approximately US$5.4 billion," said M. Jack Sanders, Sonoco President and CEO. "In addition, the combination is expected to increase Sonoco's net sales in Europe to approximately 21% of total sales."
In addition to producing composite cans, drums and luxury tubes, WPG produces rigid plastic containers using thin-walled injection molding technology with In-mold Labeling.
