Amcor Rigid Plastics to acquire assets of Sonoco’s Global Plastics blow molding business in North America
Amcor Rigid Plastics, Ann Arbor, Mich., said it 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 United States and Canada.
“This acquisition will directly support our strategy to meet our customers’ growing needs,” said Mike Schmitt, president of Amcor Rigid Plastics. “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.”
Amcor Rigid Plastics said it has been building a strong position in the specialty container segment through its Diversified Products business unit since 2010. With an increased focus on the health care, food, and home and personal care markets, the company 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 said that it and Sonoco will continue to operate as two separate companies.