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The UK Competition and Markets Authority cleared Sonoco Products Company's completed acquisition of French packaging maker Can Packaging SAS after a phase 1 merger inquiry, with the decision announced on 2020-12-21.
The UK Competition and Markets Authority found in its Phase 1 investigation that Liqui-Box's proposed takeover of DS Smith's rigid and flexible packaging business could reduce competition in Bag-in-Box packaging. The parties must address the concerns or face an in-depth Phase 2 investigation.