# 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.

- Type: Acquisition
- Announced: 2017-06-26
- Where: Elk Grove Village, Illinois, United States
- Value: $170.0M
- Jobs: 400
- Status: announced
- Products: high barrier flexible films, forming films, plastic packaging films
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Sonoco](https://endata.com/companies/268.md) (acquirer)
- [Clear Lam Packaging](https://endata.com/companies/1663.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2017/06/26/1028955/0/en/Sonoco-to-Acquire-Clear-Lam-Packaging-Inc.html), 2017-06-26: "Sonoco… today announced it has signed a definitive agreement to acquire 100 percent of the stock of Clear Lam Packaging, Inc."
- [packaging-gateway.com](https://www.packaging-gateway.com/news/mas-this-week-tricorbraun-alpla-sonoco-5855920/), 2017-06-29: "The purchase consideration for the acquisition includes $170m in cash."
- [pulpandpapercanada.com](https://www.pulpandpapercanada.com/sonoco-to-acquire-clear-lam-packaging-1100000695/), 2017-07-06: "Sonoco says it has signed a definitive agreement to acquire Clear Lam Packaging, a family-held developer and manufacturer of flexible and forming plastic packaging films for approximately $170 million in cash."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.