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May 29, 2018ACQUISITION
Sonoco to acquire remaining 70% of Conitex Sonoco joint venture for $133M
Sonoco signed a definitive agreement to acquire the remaining 70% interest in the Conitex Sonoco joint venture, a maker of paper-based cones and tubes for the textile industry, for about $133 million in cash. The deal is expected to close in Q3 2018.
Capacity
more than 300,000 tons of uncoated recycled paperboard per year
Productspaper-based cones and tubespaperboardadhesivesflexible intermediate bulk containerscorrugated pallets
“The Conitex Sonoco relationship has been very successful over the past 20 years.”globenewswire.com
- 3 sources
- globenewswire.comSonoco to Acquire Conitex Sonoco Joint VentureMay 29, 2018
- nasdaq.comSonoco (SON) to Buy 70% Balance Stake in Conitex Sonoco JVMay 30, 2018
- pulpandpapercanada.comSonoco to acquire Conitex Sonoco - Pulp and Paper CanadaJun 1, 2018
Summarized from public sources; check the original articles before acting on it.
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