SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Metabolix [MBLX] a Full Disclosure Thread

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: richardred11/30/2006 8:40:06 AM
   of 78
 
Sonoco Products to Buy Clear Pack
Thursday November 30, 8:36 am ET
Sonoco Products to Acquire Clear Pack to Expand Rigid Plastic Container Operations

HARTSVILLE, S.C. (AP) -- Sonoco Products Co., an industrial and consumer packaging company, Thursday said it agreed to acquire Clear Pack Co., a privately held maker of extruded plastic materials and containers, for undisclosed terms.

Clear Pack, with annual sales of about $45 million, operates a 240,000-square-foot manufacturing and warehouse facility in Franklin Park, Ill. It produces plastic containers for several consumer product and food service companies, including packaging for single-serve condiments and fresh produce.

"This strategic acquisition significantly expands Sonoco's rigid plastic capabilities," said Charles Sullivan, executive vice president, in a statement.

The transaction is expected to close in the fourth quarter, pending regulatory approval, and is expected to add slightly to earnings in 2007.

Sonoco Products has about $3.5 billion in annual sales.
biz.yahoo.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext