Sonoco to Acquire Conitex Sonoco Joint Venture

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Sonoco Completes Acquisition of Conitex Sonoco Joint Venture

Oct 1, 2018 12:39:00 PM

Expands Asian Market Presence for Paper-based Tubes and Cores

HARTSVILLE, S.C., OCT. 1, 2018 (GLOBE NEWSWIRE) -- Sonoco (NYSE:SON), one of the largest diversified global packaging companies, today announced it has completed the acquisition of the remaining 70-percent interest in the joint venture of Conitex Sonoco, a vertically integrated global leader in the manufacture of paper-based cones and tubes used in the textile industry.

The Conitex Sonoco joint venture was formed in 1998 between Texpack, Inc., a Spanish-based global provider of paper-based packaging products,and Sonoco’s former North America textile cone business. Sonoco acquired the remaining 70-percent interest from Texpack, Inc., along with a composite can plant in Spain for $143 million in cash. In 2017, the joint venture produced total sales of approximately $245 million and produced more than 300,000 tons of uncoated recycled paperboard, which was used to produce approximately 1.4 billion tubes and cones for the global spun yarn industry. The joint venture has approximately 1,250 employees and 13  manufacturing locations in 10 countries, including four paper mills and seven cone and tube converting operations and two other production facilities.

“The Conitex Sonoco relationship has been very successful over the past 20 years, and we see even further opportunity to grow Sonoco’s existing global paper-based tube and core business through this combination, especially in faster-growing emerging markets in Asia where we will be substantially increasing our manufacturing presence while more than doubling our current annual sales in the region,” said Rob Tiede, Sonoco president and chief executive officer.

Conitex Sonoco’s Chief Operating Officer Michel Schmidlin and members of his global leadership team will remain with Sonoco, and there are no expected changes to customer relationships. Conitex Sonoco’s financial results will be reported within Sonoco’s Paper/Industrial Converted Products segment and the Spanish composite can operations reported in the Company’s Consumer Packaging segment.


About Sonoco
Founded in 1899, Sonoco (NYSE:SON) is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. With annualized net sales of approximately $5 billion, the Company has 21,000 employees working in more than 300 operations in 33 countries, serving some of the world’s best known brands in some 85 nations. Sonoco is committed to Better Packaging. Better Life., and ranked first in the Packaging sector on Fortune’s World’s Most Admired Companies 2018 list. For more information, visit

Contact: Roger Schrum

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Source: Sonoco Products Company

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Conitex Sonco welcomes the opportunity to meet with you at these upcoming events:

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Attending Reps:
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Attending Reps: 
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Jamie Watkins
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April 10, 2019
Southern Textile Association Meetings (Northern Chapter)
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North Carolina State University
Wilson College of Textiles
Raleigh, NC
(Attending Only)

Attending Reps:
To schedule a meeting with one of our reps at the show email us at
Rick Carpenter (STA Chairman) Regional Sales Manager, Converted Products
Austin Duncan, North American Sales Representative, Converted Products

June 20-26, 2019
Fira de Barcelona, Gran Via
Barcelona, Spain
Booth # H7-D225

Attending Reps:
To schedule a meeting with one of our reps
at the show email us at

Laura Kalokerinou - European Sales Manager
Rick Carpenter - Regional Sales Manager
Michel Schmidlin - COO
Agustín Marín - VP Converting
Adryanto Sadji - Sales Director
David Lozano - SA Sales
Rossano Giannettoni - Sales Manager
Núria Besa

November 25-28, 2019
ShanghaiTex 2019
Shanghai New International Expo Center
Shanghai, China
Booth E1G50

Attending Reps:
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at the show email us at
Sales Director: Richard Yuan 17312191060
Sales Manager: Zhen 18626225689
Sales Engineer: Cui 17312191059