Weidenhammer sell to Sonoco
Weidenhammer Packaging Group (WPG) has announced that they will sell all their shares to the Sonoco Products Company. Sonoco, one of the largest packaging companies worldwide will strengthen its packaging business in Europe and further expand its expertise in stable, highly decorated convenience packaging. The merger offers WPG additional growth prospects with new customers and new markets.
The transition of the shares to Sonoco should be completed at the beginning of October 2014, subject to the regulatory examination.
“We have promoted WPG’s business development with a lot of passion and personal commitment,” said Ralf Weidenhammer, CEO. “The decision to sell our shares was not an easy one. However, we are convinced that the merger is the right step at the right time, and that it will open up new and important future perspectives to WPG and its employees.”