Mutares acquires Sonoco Paper France

Mutares AG (ISIN: DE000A0SMSH2) acquires the French core board manufacturer Sonoco Paper France from Sonoco Products Company. In 2015, the company generated a turnover of EUR 32m with 73 employees.

Sonoco Paper France is a manufacturer of core board located in Schweighouse-sur-Moder, France. Its core board is mainly used in tubes and cores, e.g. for the hygiene market. The company has a strong market position in France and Germany. In 2015, it generated a turnover of EUR 32m with 73 employees.

Philip Szlang, President of Mutares France, comments: “Sonoco Paper France is a new step in the development of the French portfolio. With regards to our current pipeline, this is the first of a series of French acquisitions we expect in 2016.”

Sonoco Paper France is already the third portfolio company in Mutares’ wood and paper business. In May 2015, Mutares acquired Zanders, a German manufacturer of premium paper with 480 employees and a turnover of EUR 99m. In October 2015, Mutares acquired Norsilk, a French manufacturer of wood products for construction purposes with 115 employees and a turnover of EUR 43m.

Company profile of Sonoco

Sonoco is a global provider of consumer packaging, industrial products, protective solutions, and display and packaging services, generating a turnover of US$ 5bn. From its headquarters in Hartsville (South Carolina/USA), and more than 330 operations in 34 countries, Sonoco produces packaging for a variety of industries and many of the world’s most recognized brands, serving customers in 85 nations.