Sonoco has acquired Can Packaging, a privately owned designer and manufacturer of sustainable paper packaging and related manufacturing equipment, based in Habsheim, France, for total consideration of Euro 41.7 million, or approximately $49 million.
Founded by George Sireix in 1989, Can Packaging operates two paper can manufacturing facilities in France along with a research and development center where it designs and builds patented packaging machines and sealing equipment. Can Packaging is projected to produce sales of approximately Euro 23 million, or $27 million in 2020 and provides sustainable paperboard packaging to a number of large consumer food brands distributed across Europe. The business has approximately 60 associates.
Cairns added that Sireix will remain as a consultant to Sonoco and his son, Guillaume, who leads technology and engineering for Can Packaging, will remain as an innovation leader of the Company’s European Consumer Products Division. There will be no changes to operations or customer relationships.
Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services.
