# Sonoco to acquire Corenso Holdings America for about $110M

Sonoco signed an agreement to acquire Corenso Holdings America from Madison Dearborn Partners for about $110 million in cash. Corenso operates two Wisconsin Rapids facilities making paperboard cores and recycled board, and the deal is expected to close later in 2019.

- Type: Acquisition
- Announced: 2019-05-20
- Where: Wisconsin Rapids, Wisconsin, United States
- Value: $110.0M
- Status: announced
- Products: cardboard cores, coreboard, chipboard, recycled board
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Sonoco](https://endata.com/companies/268.md) (acquirer)
- [Madison Dearborn Partners](https://endata.com/companies/1549.md) (partner)
- [Corenso Holdings America](https://endata.com/companies/5046.md) (target)

## Sources

- [wisconsinrapidstribune.com](https://www.wisconsinrapidstribune.com/story/news/2019/05/21/wisconsin-rapids-corenso-facilities-sold-packaging-company-sonoco/3751681002/), 2019-05-21: "Sonoco, a global provider of packaging products, signed an agreement to acquire Corenso for approximately $110 million in cash from private equity owners Madison Dearborn Partners."

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