# Sonoco acquires sustainable paper packaging maker Can Packaging

Sonoco acquired Can Packaging, which makes paper cans and packaging machines at two French facilities in Habsheim, for a transaction valued at EUR 41.7 million. The deal was announced on August 4, 2020.

- Type: Acquisition
- Announced: 2020-08-04
- Where: Habsheim, France
- Value: $49.2M (41.7M EUR)
- Status: completed
- Products: paper cans, paper packaging, packaging and sealing machines
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Sonoco](https://endata.com/companies/268.md) (acquirer)
- [Can Packaging](https://endata.com/companies/6846.md) (target)

## Sources

- [packaging-gateway.com](https://www.packaging-gateway.com/news/sonoco-can-packaging-acquisition/), 2020-08-04: "The transaction is valued at €41.7m."
- [packaginginsights.com](https://www.packaginginsights.com/news/sonoco-reinvigorates-recyclability-charge-with-can-packaging-acquisition.html), 2020-08-05: "Sonoco Europe has acquired Can Packaging, a France-headquartered cardboard packaging company for €41.7 million (US$49.3 million)."
- [gide.com](https://www.gide.com/en/news-insights/gide-advises-sonoco-on-its-acquisition-of-can-packaging/), 2020-09-06: "has acquired 100% of the shares of Can Packaging."
- [packmedia.net](https://packmedia.net/market/sonoco-acquires-french-firm-can-packaging), 2020-09-09: "US packaging giant Sonoco has announced the acquisition of French firm Can Packaging for €41.7 million"

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