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Sonoco has completed the acquisition of Corenso Holdings America, Inc. from a company owned by investment funds advised by Madison Dearborn Partners, LLC, and management for $110 million in cash.
Corenso Holdings America is a U.S. manufacturer of uncoated recycled paperboard and high-performance cores used in the paper, packaging films, tape, and specialty industries. They produced net sales of approximately $75 million in 2018 and operates a 108,000-ton per year uncoated recycled paperboard mill in Wisconsin Rapids (Wis) as well as two core converting facilities in Wisconsin Rapids and Richmond (Va).
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