Sonoco (SON) to Acquire Weidenhammer Packaging Group in ~$383M Deal
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Sonoco Signs Agreement to Acquire Weidenhammer Packaging Group
August 25, 2014 3:00 AM EDTHARTSVILLE, S.C., Aug. 25, 2014 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today announced that it has signed a definitive agreement to acquire Weidenhammer Packaging Group, Europe's leading provider of composite cans along with composite drums and rigid plastic containers, for 286 million, or approximately $383 million, in cash. The final consideration is subject to a normal adjustment of net working capital.
Weidenhammer Packaging, headquartered in Hockenheim, Germany, has approximately 1,100 employees and operates 13 production facilities, including five in Germany, along with individual plants in Belgium, France, Greece, The Netherlands,... More
