# Sonoco to acquire thermoformed healthcare packaging maker TEQ from ESCO for $187M

Sonoco signed a definitive agreement to acquire Thermoform Engineered Quality (TEQ) from ESCO Technologies for approximately $187 million in cash. TEQ makes thermoformed packaging for healthcare, medical device and consumer markets, with facilities in the US, UK and Poland.

- Type: Acquisition
- Announced: 2019-11-18
- Where: Huntley, Illinois, United States
- Value: $187.0M
- Status: announced
- Products: thermoformed medical packaging, sterile barrier packaging, thermoformed consumer packaging, molded-pulp packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Sonoco](https://endata.com/companies/268.md) (acquirer)
- [ESCO Technologies](https://endata.com/companies/2084.md) (partner)
- [Thermoform Engineered Quality](https://endata.com/companies/5804.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2019/11/18/1948983/0/en/sonoco-to-acquire-healthcare-packaging-and-medical-device-thermoformer.html), 2019-11-18: "Sonoco ... today announced it has signed a definitive agreement to acquire Thermoform Engineered Quality, LLC, and Plastique Holdings, LTD, (together TEQ)"

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