Sonoco has completed the acquisition of Associated Packaging Technologies, Inc. (APT), a manufacturer and supplier of crystallized polyethylene terephthalate (CPET) containers to the frozen food industry. The cost of the acquisition was around $120 million.
The company, founded in 1993, provides dual-ovenable food packaging that services the frozen food industry. The company operates four CPET thermoforming manufacturing facilities in Cambridge, Ontario; Chillicothe, Mo.; Waynesville, N.C.; and Carrickmacross, Ireland.
In addition to manufacturing around 3 billion CPET containers annually, APT has monolayer and multilayer barrier polypropylene container capabilities. The company also is involved in the development of recycled PET (rPET) frozen food trays.
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