Sonoco Signs Agreement to Acquire Weidenhammer Packaging Group
Transaction will create global leader in rigid paper packaging.
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According to M. Jack Sanders, Sonoco president and CEO, the acquisition of family-owned Weidenhammer Packaging Group will create a global leader in rigid paper packaging and is expected to increase Sonoco's global consumer-related packaging and services business to approximately $2.8 billion in annual sales, or approximately 53 percent of the company's combined revenue of approximately $5.3 billion. In addition, the combination is expected to increase Sonoco's net sales in Europe to approximately 21 percent of total sales.
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