ProMach, a worldwide leader in packaging machinery solutions, announced today it has acquired Reepack. Reepack is a leading manufacturer of high-quality flexible packaging machinery known for their vacuum chambers, thermoformers, tray sealers, and flow wrappers. The addition of Reepack helps ProMach continue expansion in the food packaging space and solidifies their status as a single-source supplier for protein-packaging automation. Reepack joins six other best-in-class product brands under ProMach's Flexibles & Trays business line. With the acquisition of Reepack, ProMach gains a key application technology in flow wrapping, adding to their overall flexible packaging capabilities, and also expands their existing capabilities in horizontal thermoforming.
Sonoco (NYSE: SON), one of the most diversified global packaging companies, today announced it has closed on the sale of its Display and Packaging business in the United States to Hood Container Corporation for $80 million in cash.
Sonoco’s U.S. Display and Packaging business produced net sales of approximately $135 million in 2020 and provides point-of-purchase display design, manufacturing and fulfillment as well as contract packaging services for consumer product customers with more than 250 brands. Based in Winston-Salem, N.C., the Display and Packaging business operates eight manufacturing and fulfillment facilities along with four sales and design centers and has approximately 450 employees.
Based in Atlanta, GA, Hood Container is a family owned, leading integrated paperboard and specialty paper manufacturer with operations in containerboard, kraft paper, corrugated boxes, high-graphic displays and contract packaging, corrugated, folded box and displays.
“Our U.S. Display and Packaging business has been an industry pioneer with a legacy of providing innovative solutions for complex supply chain challenges,” said Howard Coker, Sonoco President and CEO. “However, Sonoco is focused on growing our core Consumer and Industrial packaging businesses around the world, and by divesting this business we expect to apply proceeds to further invest in ourselves while returning value to our shareholders.”