MOSCOW (MRC) -- Sonoco Products Co. has finalized the acquisition of Weidenhammer Packaging Group in a USD360 million deal, said Plasticsnews.
The purchase includes Weidenhammer Plastic Packaging with a plant in Zwenkau, Germany, near Leipzig, that includes production of cups, cans and containers with volumes of at least 100 milliliters. Buckets made there range from 1 to 11.4 liters.
Sonoco gains 13 locations, including five in Germany. There also are also sites in Kansas City, Mo., as well as Belgium, Chile, France, Greece, The Netherlands, Russia and United Kingdom, Sonoco has said.
Approximately 1,100 employees come to Hartsville, S.C.-based Sonoco in the deal.
Weidenhammer, a family owned business based in Hockenheim, expects sales of approximately USD327 million this year. That compares with Sonoco’s USD4.9 billion in annual sales. Weidenhammer markets the PermaSafe line of containers that the company touts as a plastic replacement for metal food cans and glass jars that is easier to handle, lighter and more cost effective.
As MRC wrote before, Sonoco commenced commercial production of rigid plastic containers for personal care products at its new USD15 million plant, located in the Beauty and Home Care campus in New Albany, Ohio.
Sonoco Plastics is a leading manufacturer of mono-layer and multi-layer blow-molded bottles and jars, thermoformed cups and trays and engineered molded and extruded containers, spools and trays. The Company has 25 plastics operations in the United States, Canada, Mexico, Ireland, Netherlands and Germany. In addition to the Beauty Park facility, Sonoco Plastics operates a state-of-the-art food-grade, blow-molding and injection molding plant in Columbus, Ohio. The Company is currently reviewing plans for additional expansion of this facility as well.
MRC