Sonoco has acquired Plastic Packaging Inc. (PPI), a privately-held Hickory, N.C.-based flexible packaging company that specializes in short-run, customized flexible packaging for consumer brands in markets including food, pet products, confectionary goods, and health and personal care goods..
PPI expects 2016 sales of approximately $42 million and operates two manufacturing facilities in Hickory, N.C., and Forest City, N.C., with approximately 170 employees.
Through the acquisition, Sonoco gains additional lamination, wide and narrow web flexographic printing, and pouch and bag forming capabilities that will allow Sonoco to better serve its current customers while expanding its customer base.
“This acquisition grows our flexible packaging assets in the southeast U.S., adding short-run capabilities that allow us to offer additional specialty and customization capabilities to our customers,” says Rob Tiede, Sonoco’s senior vice president for global consumer solutions. “PPI complements Sonoco’s existing technologies and leverages our expertise in flexible packaging, while expanding our customer base in complementary markets.”