Sonoco announced acquisition of Clear Lam Packaging Inc., a manufacturer and developer of flexible and forming plastic packaging films, for approximately USD170 million in cash.
Clear Lam’s expertise in modified atmosphere packaging, was the main reason for the acquisition to leverage which comes from a strong base of material science knowledge when it comes to films, additives, and adhesives. Clear Lam also developed new portion-control condiment packaging, peel-reseal films for fresh fruits and vegetables, forming films for healthy yogurts, lidding films for fresh guacamole, and several new packaging films that extend shelf life.
The addition of their portfolio and technical capabilities for producing multiayer film structures enhances and expands their ability to serve the rapidly growing perimeter of supermarkets in fresh food products, while driving synergies through the internalization of materials for Sonoco’s existing flexible and thermoforming customers. July 2017
