Powder & Bulk Solids is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Sonoco to Acquire Majority of Brazilian Packaging Company

Article-Sonoco to Acquire Majority of Brazilian Packaging Company

Sonoco, one of the largest diversified global packaging companies, announced the signing of a definitive agreement to acquire a majority interest in Graffo Paranaense de Embalagens S/A (Graffo), a closely held flexible packaging business located in Pinhais, Curitiba, Brazil. Terms were not disclosed, and the transaction is expected to close in the second quarter of 2015.

Founded in 2001, Graffo had sales of approximately $35 million USD in 2014. It operates high-quality rotogravure printing presses, including a new 10-color press, as well as sophisticated lamination applications at its Pinhais facility. With approximately 230 employees, Graffo serves the confectionery, dairy, pharmaceutical and industrial markets in Brazil.

"We're extremely pleased to join Graffo with Sonoco's growing global flexible packaging business," said Jack Sanders, president and chief executive officer, noting that Sonoco will be acquiring a two-thirds stake in Graffo. "We were looking to invest jointly in Brazil with a partner who has strong technical capabilities and established relationships with both large global consumer product companies and growing local businesses, where we could bring our customer relationships and technical capabilities to grow our presence in this important emerging market."

For related articles, news, and equipment reviews, visit our Packaging & Bagging Equipment Zone

TAGS: News News
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.