About the Deal
PLACON, headquartered in Madison, Wisconsin, is a leading North American designer and manufacturer of innovative packaging, including thermoformed plastic clamshells, trays, and blisters. Founded in 1966, Placon is privately held with second-generation leadership, over 800 employees, and five operating locations across the United States. Placon serves premier customers within the food, retail, and medical device markets.
SONOCO (NYSE: SON), headquartered in Hartsville, South Carolina, is a s a global provider of consumer, industrial, healthcare, and protective packaging.
The acquisition of Sonoco’s Wilson, North Carolina operation expands Placon’s production capacity and Southeastern footprint, while adding over 80 skilled employees.
BRIDGEWOOD ADVISORS initiated this transaction, assisted in negotiations and acted as exclusive financial advisor to Placon.