Sonoco to acquire Peninsula Packaging for $230M in cash

Sonoco signed a definitive agreement to acquire Peninsula Packaging Company, a thermoformed fresh-produce packaging maker in Exeter, California, for about $230 million in cash. The deal is expected to close by Q2 2017.

“Sonoco (NYSE:SON) ... today announced it has signed a definitive agreement to acquire Peninsula Packaging Company for approximately $230 million in cash.”globenewswire.com

• 4 sources
• globenewswire.comSonoco to Acquire Peninsula Packaging CompanyFeb 16, 2017
• einpresswire.comSonoco to Acquire Peninsula Packaging CompanyFeb 16, 2017
• recyclingtoday.comSonoco signs deal to acquire Peninsula Packaging - Recycling TodayFeb 16, 2017
• newyork.citybuzz.cocitybuzz : New York : Sonoco Completes Acquisition of Peninsula Packaging CompanyMar 14, 2017

Summarized from public sources; check the original articles before acting on it.