date:Aug 06, 2020
Sonoco has acquired Can Packaging, a privately owned France-based designer and manufacturer of sustainable paper packaging and related manufacturing equipment, for $41.7 million.
Can Packaging operates two paper can manufacturing facilities in France along with a research and development centre where it designs and builds patented packaging machines and sealing equipment.
The company, which is projected to produce sales of approximately 23 million or $27 million in 2020, provides sustainable p