Sonoco acquiring Clear Lam Packaging

In the third quarter of this year, Sonoco expects to conclude its deal to acquire flexible and forming plastic packaging films manufacturer Clear Lam Packaging for US$170 million.

With manufacturing facilities in the US and China, Clear Lam turns over around US$140 million/year. The company focuses on the development, production and conversion of high-barrier flexible and forming films for the perishable foods markets, consumer packaged goods companies, retailers and other industrial manufacturers. In the food industry Clear Lam’s products are used to package condiments, dairy, meats and cheese, produce, confection, fresh and prepared foods, nuts and snacks, and foodservice.

It is Clear Lam’s expertise in developing, producing and converting high-barrier flexible and forming film structures to package fresh and prepared food products purchased in the growing store perimeter attracted Sonoco. Clear Lam has already developed new portion control condiment packaging, peel-reseal films for fresh fruits and vegetables, forming films for yoghurts, lidding films for fresh guacamole, special drinking pouch films and several new packaging films that expand shelf life.