Amcor Rigid Plastics agrees to acquire assets of Sonoco’s Global Plastics blow moulding business
Amcor Rigid Plastics has entered into an agreement to acquire the assets of Sonoco’s Global Plastic blow moulding business in North America. Sonoco manufactures custom rigid plastic bottles, jars, overcaps and closures for the food, beverage, pharmaceutical, health and beauty and personal care markets in seven plants located in the U.S. and Canada.
“This acquisition will directly support our strategy to meet our customers’ growing needs,” said Mike Schmitt, Amcor Rigid Plastics president. “The combined assets and talents of Amcor Rigid Plastics and Sonoco will allow us to meet strategic customer growth objectives while expanding our extrusion and injection moulding assets and adding advanced decorating capabilities.”
The acquisition is subject to regulatory approvals. Until the transaction is closed, Amcor Rigid Plastics and Sonoco will continue to operate as two separate companies.
