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HARTSVILLE, S.C.--(BUSINESS WIRE)--Dec. 1, 2009--
Sonoco (NYSE: SON), one of the largest diversified global packaging
companies, today completed the acquisition of the injection molded
plastics spools and reels assets of EconoReel Corporation of Logan,
Utah. Terms of the transaction were not disclosed.
EconoReel designs, manufactures and distributes small to mid-sized
diameter plastic and composite spools and reels primarily for the
insulated wire market. The acquisition includes a molded plastics spools
and reels manufacturing facility in Logan, Utah, and additional
manufacturing assets in Mississippi of Southern Reel, a controlled
subsidiary of EconoReel.
“EconoReel fills an important gap in Sonoco’s existing plastic, plywood
and composite wire and cable reel business by adding mid-range diameter
plastic and plywood-replacement spools and reels,” said Bob Puechl,
division vice president and general manager of Sonoco’s Global Rigid
Plastics business unit. “In addition, the business provides patented
technology that improves product performance and reduces costs for our
customers.”
Sonoco’s Global Rigid Plastics business unit manufactures a wide variety
of blow-molding, thermoforming and injection molding products for a
variety of consumer and industrial applications throughout the world.
The Company operates 21 plants including 10 states domestically as well
as plants in Canada, Mexico, Brazil, Netherlands and Germany.
About Sonoco
Founded in 1899, Sonoco is a $4.1 billion global manufacturer of
industrial and consumer products and provider of packaging services,
with approximately 300 operations in 35 countries, serving customers in
some 85 nations. Sonoco is a proud member of the Dow Jones
Sustainability World Index. For more information on the Company, visit
our Web site at http://www.sonoco.com/.
Source: Sonoco
Sonoco
Roger Schrum, 843-339-6018
roger.schrum@sonoco.com