Peninsula’s financial results will be added to Sonoco’s consumer packaging segment.
Sonoco, Hartsville, S.C., acquired Peninsula Packaging Co., an Exeter, Calif.-based manufacturer of thermoformed packaging for fresh fruit and vegetables, for $230 million.
Peninsula’s financial results will be added to Sonoco’s consumer packaging segment, and the business will operate as the Peninsula brand of thermoformed packaging products within Sonoco Plastics’ global operations. Many of Peninsula’s leadership, sales and operations team will remain as is.