HARTSVILLE, S.C., Dec. 29 /PRNewswire-FirstCall/ -- Sonoco (NYSE: SON),
the global packaging company, today announced that it has completed the
acquisition of Clear Pack Company, a privately held vertically integrated
manufacturer of thermoformed and extruded plastic materials and containers,
based in Franklin Park, Ill. Terms of the transaction were not disclosed.
The transaction, expected to be slightly accretive to earnings in 2007,
will expand Sonoco's rigid plastic operations.
(Logo: http://www.newscom.com/cgi-bin/prnh/19991006/SNCLOGO )
Clear Pack was founded in 1968 and has annual sales of approximately
$45 million. The company operates a 240,000 square foot manufacturing and
warehouse facility in Franklin Park that produces commercial roll stock and
thermoformed products. Clear Pack has 14 high-speed, roll-fed thermoformers
capable of running high-impact polystyrene (HIPS), polypropylene (PP),
high- density polyethylene (HDPE) and oriented polystyrene (OPS). The
company has five extrusion lines capable of extruding a variety of
high-impact polystyrene and polypropylene blends. The company also has
co-extrusion capabilities as well as in-line lamination for application of
multilayer laminates to meet chemical and barrier requirements. Clear Pack
produces plastic containers for several consumer product and food service
companies, including packaging for single-serve condiments, fresh produce
and other food service needs.
Sonoco's rigid plastic operations provide blow molded, thermoformed,
extruded and injection-molded plastic containers, closures and other
products for the food and nonfood markets, including containers for liquid
beverages, processed foods, sauces, pet foods, powdered beverages and
snacks, as well as household chemicals, industrial chemicals, adhesives and
sealants, and personal care.
About Sonoco
Founded in 1899, Sonoco is a $3.5 billion global manufacturer of
industrial and consumer packaging products and provider of packaging
services, with more than 300 operations in 35 countries, serving customers
in 85 nations. Additional information about Sonoco is available at
http://www.sonoco.com.
SOURCE Sonoco
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Related links:
http://www.sonoco.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/19991006/SNCLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Roger Schrum of Sonoco, +1-843-339-6018, or
roger.schrum@sonoco.com
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