Sonoco Completes Purchase of Clear Pack
The company also has co-extrusion capabilities as well as in-line lamination for application of multilayer laminates to meet chemical and barrier requirements.
06/01/07 Sonoco, the global packaging company, announced that it has completed the acquisition of Clear Pack Company, a privately held vertically integrated manufacturer of thermoformed and extruded plastic materials and containers, based in Franklin Park, Ill. Terms of the transaction were not disclosed. The transaction, expected to be slightly accretive to earnings in 2007, will expand Sonoco's rigid plastic operations.
Clear Pack was founded in 1968 and has annual sales of approximately $45 million. The company operates a 240,000 square foot manufacturing and warehouse facility in Franklin Park that produces commercial roll stock and thermoformed products. Clear Pack has 14 high-speed, roll-fed thermoformers capable of running high-impact polystyrene (HIPS), polypropylene (PP), high- density polyethylene (HDPE) and oriented polystyrene (OPS). The company has five extrusion lines capable of extruding a variety of high-impact polystyrene and polypropylene blends. The company also has co-extrusion capabilities as well as in-line lamination for application of multilayer laminates to meet chemical and barrier requirements. Clear Pack produces plastic containers for several consumer product and food service companies, including packaging for single-serve condiments, fresh produce and other food service needs.
Sonoco's rigid plastic operations provide blow molded, thermoformed, extruded and injection-molded plastic containers, closures and other products for the food and nonfood markets, including containers for liquid beverages, processed foods, sauces, pet foods, powdered beverages and snacks, as well as household chemicals, industrial chemicals, adhesives and sealants, and personal care.
