# TOPPAN Holdings agrees to buy SONOCO's flexible and thermoformed packaging business for $1.8B

TOPPAN Holdings signed an agreement to acquire the flexible packaging and thermoformed container business of SONOCO Products Company for about 1.8 billion US dollars, expanding its sustainable packaging operations in North and South America.

- Type: Acquisition
- Announced: 2024-12-01
- Where: United States
- Value: $1.80B
- Status: completed
- Products: flexible packaging, thermoformed containers
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Sonoco Products](https://endata.com/companies/315.md) (partner)
- [Sonoco Products](https://endata.com/companies/315.md) (target)
- [Toppan](https://endata.com/companies/8217.md) (acquirer)

## Sources

- [holdings.toppan.com](https://www.holdings.toppan.com/ja/news/2024/12/newsrelease241219_1.html), 2024-12-19: "SONOCO社の有する軟包装事業及び熱成形容器事業を取得することで合意し、本事業取得に関する契約を締結しました。"
- [holdings.toppan.com](https://www.holdings.toppan.com/en/news/2024/12/newsrelease241219_1.html), 2024-12-19: "TOPPAN Holdings Inc. has entered into an agreement with Sonoco Products Company to acquire Sonoco's Thermoformed & Flexible Packaging (TFP) business for approximately $1.8 billion"
- [asia.nikkei.com](https://asia.nikkei.com/business/business-deals/japan-s-toppan-to-buy-u.s.-food-packager-sonoco-for-1.8bn), 2024-12-19: "Toppan Holdings will acquire five food-packaging and other subsidiaries from U.S. packaging manufacturer Sonoco Products"
- [packworld.com](https://www.packworld.com/flexibles/bagging-pouching/news/22931594/toppan-toppan-holdings-acquires-sonocos-thermoformed-and-flexible-packaging-business), 2025-01-24: "TOPPAN Holdings Inc. has entered into an agreement with Sonoco Products Company... to acquire Sonoco's Thermoformed & Flexible Packaging (TFP) business for approximately $1.8 billion"
- [packaging-gateway.com](https://www.packaging-gateway.com/news/toppan-acquisition-sonocos-tfp-business/), 2025-04-02: "TOPPAN Holdings has finalised the acquisition of Sonoco Products Company's Thermoformed and Flexibles packaging (TFP) business in the US for approximately $1.8bn."

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