Amcor Rigid Plastics Completes Acquisition of Sonoco’s Global Plastics Blow Molding Business
Deal to Increase Amcor’s Presence in Consumer Goods and Food Segments in U.S., Canada
ANN ARBOR, Mich., November 7, 2016 – Amcor Rigid Plastics, one of the world’s leading manufacturers of rigid plastic packaging for the food, beverage, spirits, home/personal care, and healthcare industries, has completed the acquisition of Sonoco’s Global Plastics blow molding business in North America.
The closing of the Sonoco acquisition comes two months after Amcor Rigid Plastics first announced the agreement on Sept. 2. The deal was finalized after Amcor Rigid Plastics and Sonoco secured approval from all key regulatory bodies.
“This acquisition will strengthen our customer value proposition in the pharmaceutical, personal care and specialty food segments,” said Mike Schmitt, Amcor Rigid Plastics president. “It also will enhance and expand our position with additional multi-material processing, decorating capabilities, and complementary extrusion and blow molding assets.”
The acquisition will increase Amcor Rigid Plastics’ workforce by an additional 850 employees and expand the company’s operational footprint with an additional six plants in the U.S. and one in Canada.
The seven plants manufacture custom rigid plastic bottles, jars, overcaps, and closures for the food, beverage, health and beauty, and personal care markets.
About Amcor
Amcor Limited (ASX: AMC; www.amcor.com) is a global leader in responsible packaging solutions, focusing on a broad range of flexible and rigid plastic packaging that enhances the products consumers use in everyday life, with 95 percent of its sales into the food, beverage, healthcare, and tobacco industries. The company employs more than 31,000 people worldwide, operating in 40-plus countries and across more than 190 sites. For details, visit www.amcor.com.
COMPANY CONTACT:
Michael Hodges
Director, Communications
Amcor Rigid Plastics
(734) 302-2503
MEDIA CONTACT:
Joe Grande
J. Grande Communications Inc.
(413) 684-2463
