Sonoco acquires Weidenhammer Packaging
Sonoco has completed the acquisition of Weidenhammer Packaging Group (WPG) for €286 million (approximately $360 million). WPG produces composite cans, drums, luxury tubes and rigid plastic containers.
Mr Jack Sanders, Sonoco president and chief executive officer, said: “We are extremely excited to welcome Weidenhammer’s leadership team and its 1,100 associates into the Sonoco family. 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 $2.8 billion in annual sales or approximately 53 percent of the Company’s combined revenue of approximately $5.4 billion. In addition, the combination is expected to increase Sonoco’s net sales in Europe to approximately 21 percent of total sales.”
Headquartered in Hockenheim, Germany, Weidenhammer has approximately 1,100 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.