Sonoco will be selling its rigid plastics blow molding operations to Amcor for US$280 million. The transaction is subject to regulatory approvals in the US.
Sonoco’s rigid plastics blow molding operations include seven manufacturing facilities in the US and Canada with 850 employees producing containers serving the personal care and food and beverage markets.
Sonoco president and CEO Jack Sanders says the sale will help the company focus its resources to further expand its targeted growth businesses, including flexible packaging, thermoforming rigid plastics and temperature-assurance packaging for transporting pharmaceuticals, biologics and vaccines.
