New York, August 25, 2014 -- On August 25, 2014, Sonoco Products Company announced that it has signed a definitive agreement to acquire Weidenhammer Packaging Group (unrated), one of Europe's providers of composite cans along with composite drums and rigid plastic containers, for EUR286 million, or approximately $383 million, in cash. Sonoco's Baa2 ratings are not immediately affected, as we expect leverage to increase only temporarily, with Debt/ EBITDA remaining below 3x. For more details, please see our issuer comment dated August 25th, 2014 on moodys.com

Vollständigen Artikel bei Moodys lesen