# 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.

- Type: Acquisition
- Announced: 2017-02-16
- Where: Exeter, California, United States
- Value: $230.0M
- Status: announced
- Products: thermoformed packaging for fresh fruit and vegetables
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Sonoco](https://endata.com/companies/268.md) (acquirer)
- [Peninsula Packaging Company](https://endata.com/companies/945.md) (target)
- [Odyssey Investment Partners](https://endata.com/companies/946.md) (partner)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2017/02/16/918049/0/en/sonoco-to-acquire-peninsula-packaging-company.html), 2017-02-16: "Sonoco (NYSE:SON) ... today announced it has signed a definitive agreement to acquire Peninsula Packaging Company for approximately $230 million in cash."
- [einpresswire.com](https://www.einpresswire.com/article/366849247/sonoco-to-acquire-peninsula-packaging-company), 2017-02-16: "Sonoco ... has signed a definitive agreement to acquire Peninsula Packaging Company for approximately $230 million in cash."
- [recyclingtoday.com](https://www.recyclingtoday.com/news/sonoco-peninsula-packaging-acquisition/), 2017-02-16: "The company has signed a definitive agreement to acquire Peninsula Packaging Co., Exeter, California, for about $230 million in cash."
- [newyork.citybuzz.co](https://newyork.citybuzz.co/article/407963/sonoco-completes-acquisition-of-peninsula-packaging-company), 2017-03-14: "Sonoco acquired Peninsula Packaging for approximately $230 million from funds managed by Odyssey Investment Partners, LLC and other shareholders."

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