# Sonoco to acquire remaining 70% of Conitex Sonoco for $133M

Sonoco Products Company, through its subsidiary Sonoco International (BVI), Inc., entered into a definitive agreement to acquire the remaining 70 percent interest in Conitex Sonoco (BVI), Ltd. for approximately $133 million in cash. The transaction is expected to close in Q3 2018.

- Type: Acquisition
- Announced: 2018-05-25
- Where: British Virgin Islands
- Value: $133.0M
- Status: announced
- Products: uncoated recycled paperboard, tubes, cones
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Sonoco Products](https://endata.com/companies/315.md) (acquirer)
- [Conitex Sonoco](https://endata.com/companies/3364.md) (target)
- [Texpack](https://endata.com/companies/3365.md) (partner)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/91767/000009176718000031/conitexsonocoacquisition.htm), 2018-06-01: "Sonoco International (BVI), Inc., entered into a definitive agreement to acquire the remaining 70 percent interest in Conitex Sonoco (BVI), Ltd. for approximately $133 million in cash."

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