Sonoco Signs Agreement to Acquire Weidenhammer Packaging Group
Transaction will create global leader in rigid paper packaging.
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Sonoco, Hartsville, S.C., a diversified global packaging company, recently announced that it has signed a definitive agreement to acquire Weidenhammer Packaging Group, Europe's leading provider of composite cans, composite drums and rigid plastic containers, for approximately $383 million in cash. The final consideration is subject to a normal adjustment of net working capital.
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