Deal Snapshot
Sonoco to Acquire Danish Paper Maker Skjern Paper for DKK 675m in Cash
Thursday 29 September 2022

US-based packaging company Sonoco (NYSE: SON) has entered into a definitive agreement to acquire Danish paper maker S.P. Holding, Skjern A/S, the company said.

The acquisition expands production capacity for customers and Sonoco converting operations throughout Europe and bordering regions. The estimated USD 88m (DKK 675m) all-cash transaction has been unanimously approved by Sonoco's board of directors and is expected to be completed in 4Q22, subject to customary closing conditions.

Date Published: 29/09/2022