Sonoco Buys Remaining Stake in Demolli in Italy
Dec. 1, 2006 - Sonoco said that its subsidiary, Sonoco- Alcore, S.a.r.l., has acquired the remaining 75 percent interest in Demolli Industria Cartaria S.p.A.
According to Sonoco, Demolli generates annual sales of approximately $60 million and is Italy's largest manufacturer of tubes and cores and recycled paperboard. The company serves markets in Italy and northern Europe.
The deal includes the purchase of three tube and core manufacturing facilities and a recycled paperboard mill.
With the completion of the Demolli transaction, Sonoco holds 100 percent interest in and operates 30 tube and core plants and seven paper mills in Europe.