Sonoco to acquire Clear Lam Packaging for about $170 million

Sonoco agreed to buy 100 percent of Clear Lam Packaging, a family-held maker of high barrier flexible and forming plastic films, for about $170 million in cash. Clear Lam operates in Elk Grove Village, Illinois and Nanjing, China, and closing is expected in Q3 2017.

“Sonoco… today announced it has signed a definitive agreement to acquire 100 percent of the stock of Clear Lam Packaging, Inc.”globenewswire.com

• 3 sources
• globenewswire.comSonoco to Acquire Clear Lam Packaging, Inc.Jun 26, 2017
• packaging-gateway.comM&As this week: TricorBraun, ALPLA, Sonoco -Jun 29, 2017
• pulpandpapercanada.comSonoco to acquire Clear Lam Packaging - Pulp and Paper CanadaJul 6, 2017

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