Sonoco Completes Acquisition of Peninsula Packaging Company
Sonoco acquired Peninsula Packaging for approximately
Founded in 2001, Peninsula Packaging had 2016 proforma sales of approximately
“We are extremely pleased to have Peninsula joining the Sonoco family of leading consumer packaging products. Peninsula significantly expands our thermoforming packaging capabilities and we now occupy a strong packaging position serving the perimeter of supermarkets in fresh food products, combined with our existing offerings in the center of the store, including those serving a range of frozen and shelf-stable foods,” said Sonoco Executive Vice President and Chief Operating Officer
Tiede added that many of Peninsula’s leadership, sales and operations team will remain and it expects no changes in its customer relationships. “Combining Peninsula’s product lines with Sonoco’s packaging capabilities positions us extremely well to capture new growth in the rapidly expanding fresh and natural category, while greatly accelerating and enhancing our ability to offer our customers the most diverse consumer packaging formats and solutions in the industry,” he concluded.
¹ Proforma sales includes projected full-year sales from a new operation in
About Sonoco
Founded in 1899,
About Sonoco’s Peninsula Packaging Brand
Sonoco’s Peninsula brand of thermoformed plastic packaging products serves the fresh produce and bakery markets. Products include hinged containers (clamshells, produce trays, etc.), bases, lids and domes. Primary markets served include a wide range of berries, packaged salads and cut vegetables. Extrusion, thermoforming and labeling are managed from five production facilities located in
Contact:Roger Schrum +843-339-6018 roger.schrum@sonoco.com