Sonoco Completes Sale of UK Labels and Labels Machinery Business
HARTSVILLE, S.C., March 9 /PRNewswire/ -- Sonoco (NYSE: SON) today announced the sale of its Harlands Labels and Label Machinery business in England to B. H. Matthews, Ltd., headquartered in Slough, England.
The Matthews Group is predominately a wet-glue label manufacturer. Terms of the sale were not disclosed. Harlands had sales of approximately $30 million in 1998. Sonoco completed the sale of its North American labels operation in March 1998.
Sonoco, founded in 1899, is a $2.6 billion manufacturer of industrial and consumer packaging products with approximately 275 operations in 32 countries serving customers in some 85 nations.
Web site: http: //www.sonoco.com
Company News On-Call: http: //www.prnewswire.com/comp/805487.html or fax, 800-758-5804, ext. 805487
CONTACT: Allan Cecil, Vice President of Sonoco, 843-383-7524