Sonoco Acquires Plastic Container Maker Matrix

Acquisition of privately-held Canadian firm expands Sonoco’s plastic container business.

HARTSVILLE, S.C. (AP) - Sonoco Products Co. has agreed to buy Canada's Matrix Packaging Inc. for $210 million cash, expanding the company's business in making plastic containers for food, beverage and personal care products.
Privately held Matrix makes rigid molded plastic containers, like shampoo or juice bottles, and is based in Mississauga, Ontario. The company has six manufacturing facilities and staff of about 860.
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