can

US-based industrial and consumer packaging provider Sonoco has agreed to acquire Weidenhammer Packaging, in a deal worth €286m.

Upon completion, the acquisition is expected to increase Sonoco’s global consumer-related packaging and services business to approximately $2.8bn in annual sales.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

It is also expected to increase Sonoco’s net sales in Europe to approximately 21% of total sales.

Commenting on the deal, Sonoco president and CEO M. Jack Sanders said: "Combining Weidenhammer’s state-of-the-art production and technological capability places Sonoco in a leading position to provide its global consumer product customers with unparalleled packaging expertise throughout North America and Europe, and creates a strong presence in the emerging markets of South East Asia, China, Eastern Europe and South America."

"The deal is expected to be financed through a combination of existing cash and debt."

The deal is expected to be financed through a combination of existing cash and debt. It is still subject to governmental regulatory review and is expected to close in the fourth quarter of 2014.

Headquartered in Germany, Weidenhammer Packaging operates 13 production facilities, including five in Germany, along with individual plants in Belgium, France, Greece, Netherlands, the UK, the US, Chile and Russia.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Its products cater to various sectors, such as processed foods, powdered beverages, tobacco, confectionery, personal care, pet food, pharmaceuticals and home and garden products.

Image: Weidenhammer provides composite cans and composite drums. Photo: courtesy of David Castillo Dominici / FreeDigitalPhotos.net.