ANN ARBOR, Mich.--(BUSINESS WIRE)--Amcor Rigid Plastics has entered into an agreement to acquire the assets of Sonoco’s Global Plastic blow molding business in North America.
Sonoco manufactures custom rigid plastic bottles, jars, overcaps and closures for the food, beverage, pharmaceutical, health and beauty, and personal care markets in seven plants located in the U.S. and Canada.
“This acquisition will directly support our strategy to meet our customers’ growing needs,” said Mike Schmitt, Amcor Rigid Plastics president. “The combined assets and talents of Amcor Rigid Plastics and Sonoco will allow us to meet strategic customer growth objectives while expanding our extrusion and injection molding assets and adding advanced decorating capabilities.”
Since 2010, Amcor Rigid Plastics has been building a strong position in the specialty container segment through its Diversified Products business unit. With an increased focus on healthcare, food, and home and personal care markets, Amcor Rigid Plastics has developed several in-house capabilities and acquired specialized technologies to help customers grow.
The acquisition is subject to regulatory approvals. Until the transaction is closed, Amcor Rigid Plastics and Sonoco will continue to operate as two separate companies.
About Amcor Rigid Plastics
Amcor Rigid Plastics is among the world’s largest manufacturers of rigid plastic packaging for the food, beverage, spirits, personal care, home care and healthcare industries with 62 facilities in 12 countries. Based in Ann Arbor, Mich., Amcor Rigid Plastics is a subsidiary of Amcor Limited.
Amcor Limited is a global leader in responsible packaging solutions, employing more than 29,000 people worldwide and operating in more than 40 countries in 180-plus sites. Amcor supplies rigid and flexible packaging solutions to enhance products consumers use in everyday life.
Amcor also provides packaging-related services to help customers succeed through collaboration and innovation driven by art and science. Amcor (AMC) is headquartered in Melbourne, Australia, and listed on the Australian Securities Exchange.
For details, visit www.amcor.com.
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