Sonoco Closes TEQ Buyout, Eyes Growth in Healthcare Packaging
Sonoco Closes TEQ Buyout, Eyes Growth in Healthcare Packaging 3Sonoco Products Company SON has completed the acquisition of Thermoform Engineered Quality, LLC, and Plastique Holdings, LTD, (together TEQ) from ESCO Technologies, Inc. for a cash payment of $187 million. Sonoco had entered into an agreement to acquire TEQ last November. Headquartered in Huntley, IL, TEQ is a global manufacturer of …
News story posted on 2020-01-04T03:43:00.0000000Z