Packagingworld trade 2024+3.9% 5Y CAGR
Aug 27, 2018ACQUISITIONTudela, Navarra, Spain Sonoco acquires full control of Conitex, parent of Papertech Tudela plant
US packaging group Sonoco acquired the remaining 70% stake in Conitex from Texpack, giving it 100% of Conitex, the parent of Papertech in Tudela, Spain. The deal is valued at EUR 123 million and was notified to Spain's CNMC on 27 August 2018.
Value
$144.0M (123.0M EUR)
Capacity
50,000 metric tons per year (Tudela plant)
Productsindustrial paper and cardboard tubescorner protectorslaminateshoneycomb board
“Sonoco ya contaba con el 30% de la propiedad de Conitex... tras la adquisición del 100% del capital de la matriz Conitex.”diariodenavarra.es
- 3 sources
- diariodenavarra.esPapertech en Tudela pasa a manos del gigante SonocoSep 1, 2018
- textileworld.comSonoco Completes Acquisition Of Conitex Sonoco Joint Venture | Textile WorldOct 1, 2018
- packaging-gateway.comSonoco closes $143m acquisition of interest in Conitex SonocoOct 2, 2018
Summarized from public sources; check the original articles before acting on it.
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