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Sonoco Grabs Venture Stake

Stock quotes in this article: SON  

Industrial and consumer packaging products and services provider Sonoco Products(SON Quote) said Monday it agreed to acquire Ahlstrom's 35.5% interest in Sonoco-Alcore, a joint venture formed in 2004 when the two companies combined their European tube, core and coreboard operations.

The financial terms of the deal were not disclosed.

The transaction which is expected to be completed in the third quarter, pending regulatory approvals, will raise the Sonoco's ownership in the operations from 64.5% to 100%. ...

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