Page 89 - Plastics News December 2019

BusiNEss NEws

Sonoco acquires ESCO’s Technical Hoffmann Neopac acquires CM

Packaging business Packaging

S-based packaging solution lastic and metal packaging firm Hoffmann Neopac
Uprovider Sonoco Products Phas acquired Netherlands-based CM Packaging.
has acquired the Technical Following the acquisition, Hoffmann plans to integrate
Packaging business segment of the two companies into a single entity by 1 January
ESCO Technologies.The deal is 2020. The companies have not disclosed the financial
valued at approximately $187m. details of the deal. Hoffmann Neopac CEO Mark
ESCO’s Technical Packaging Aegler said: “The team at CM Packaging has been a
business includes Thermoform tremendous partner through the years, and with them
Engineered Quality and Plastique joining the Hoffmann Neopac family we now have a
Holdings, together known as production site in the EU in the metal sector and can
TEQ. The business was sold to subsidiaries Sonoco Plastics also successfully implement our internationalisation
and Sonoco Holdings. Sonoco president and CEO Rob Tiede in this area. “In the tube business, we have been
said: “TEQ provides a strong platform to further expand doing this for several years and now produce high-
Sonoco’s growing healthcare packaging business, which quality tubes in Switzerland, Hungary, India and
includes our best-in-class ThermoSafe temperature- the USA. Hoffmann Neopac has also announced an
assured pharmaceutical packaging, injection-moulded infrastructure investment. The company will build
vials, multi-cell cuvettes and appliances, thermoformed a three-piece can-making line at CM Packaging’s
trays for medical devices and OTC medical products, along facility in Dronten, the Netherlands. The investment is
with our Alloyd heat-sealing equipment for commercial expected to meet the demands for the growing infant
medical applications.” food sector by expanding capacity.
The deal is expected to be accretive to Sonoco’s 2020 Hoffmann Neopac former CTO Andreas Geiger will
earnings and completion is dependent on customary serve as managing director of the Metal Packaging
regulatory review. It is expected to close by the end of division. Hoffmann Neopac Tins sales head Tomas
the year. No changes will take place in TEQ’s leadership
or customer relationships, following the completion of the
acquisition.TEQ president Randy Loga said: “The US and
Europe will remain the largest consumers of healthcare
packaging as new sophisticated therapies with specialised
packaging needs continue to be introduced. “TEQ’s history
of growth mirrors the growth in healthcare spending
and medical device utilisation, and we look forward to
joining Sonoco in further expanding our capabilities to
meet our customers’ future needs.” Based in Huntley,
Illinois, TEQ has three thermoforming and extrusion
facilities in the US. The company owns thermoforming Pivko will lead the sales team. The three owners of
operation facilities in the UK and Poland. It also has a CM Packaging will remain part of the company. CM
moulded-fibre manufacturing plant in Poland.Each TEQ Packaging Sales and Marketing director Herbert van
facility manufactures sterile, barrier packaging systems de Beek said: “The acquisition of CM Packaging by
for pharmaceuticals and medical devices. The plants also Hoffmann Neopac will combine the clear strengths
produce recyclable, moulded-pulp-fibre packaging and of both companies and improve our position in an
thermoformed plastic packaging for a range of consumer increasingly challenging market. “It will also further
products, especially in Europe. strengthen our service and development power, which
is a benefit to our customers.”

89
93 December 2019 Plastics News