Tricor Pacific Sells Matrix Packaging

Sonoco (NYSE: SON) has agreed to acquire Matrix Packaging from Tricor Pacific Capital and the company founders, for approximately US $210 million. The deal is expected to close by the end of June. Matrix Packaging is a Mississauga, Ontario-based manufacturer of custom-designed blow-molded rigid plastic containers and injected-molded products. It was advised on the sale by BMO Capital Markets.