Sonoco, one of the largest diversified global packaging companies, has acquired Plastic Packaging Inc. (PPI), a privately held Hickory, North Carolina based flexible packaging company.
Founded in 1957, PPI specializes in short-run, customized flexible packaging for consumer brands.
PPI expects 2016 sales of approximately $42 million and operates two manufacturing facilities in Hickory, and Forest City, North Carolina 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.
Published in the December 2016 Edition of American Recycler News