Sonoco (NYSE: SON), one of the most sustainable, diversified global packaging companies, announced it has completed the acquisition of Thermoform Engineered Quality, LLC, and Plastique Holdings, LTD, (together TEQ), a global manufacturer of thermoformed packaging serving healthcare, medical device and consumer markets, from ESCO Technologies, Inc. (NYSE: ESE) for $187 million in cash. TEQ, headquartered in Huntley, IL, produced sales of $87 million in the fiscal year ended September 30, 2019, and operates three thermoforming and extrusion facilities in the United States along with a thermoforming operation in the United Kingdom, and thermoforming and molded-fiber manufacturing in Poland.
Read the full article: Sonoco Acquires Healthcare Packaging and Medical Device Thermoformer //
Source: http://www.globenewswire.com/news-release/2020/01/02/1965610/0/en/Sonoco-Acquires-Healthcare-Packaging-and-Medical-Device-Thermoformer.html