Sonoco buys North Carolina-based Plastic PackagingStaff Writer | November 3, 2016
Sonoco has acquired Plastic Packaging, a privately held Hickory, N.C.-based flexible packaging company.
Acquisition Flexible packaging company
- food products (i.e. frozen foods, baked goods, seafood),
- pet products (i.e. dry food, bird seed, litter)
confection (i.e. seasonal promotions, heat-sealed chocolate packaging, hard and soft candy)
- health and personal care (i.e. nutraceuticals, diapers, tissues/wipes).
PPI expects 2016 sales of approximately $42 million and operates two manufacturing facilities in Hickory, N.C., and Forest City, N.C., with approximately 170 employees.
Through the acquisition, Sonoco gains additional lamination, wide and narrow web flexographic printing, and pouch and bag forming capabilities that will allow Sonoco to better serve its current customers, while expanding its customer base. ■