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SONOCO TO ACQUIRE GERMAN TUBE MANUFACTURER

 HARTSVILLE, S.C., Nov. 25 ~PRNewswire~ -- Sonoco Products Company (NASDAQ-NMS: SONO) has concluded an agreement to acquire the OPV-Durener Group, a German packaging company. "This acquisition is part of Sonoco's continued commitment to satisfying customers worldwide," said A.E. Watson, senior vice president, in making the announcemnt.
 The OPV-Durener Group manufactures paperboard tubes and cores. The company has two manufacturing operations in Germany and one in Switzerland. Annual sales are expected to be about $25 million (U.S). Sonoco will assume management responsibility on Jan. 1, 1993.
 Sonoco is a worldwide supplier of tubes and cores that are used in carriers in such markets as paper, film, textiles, tape, foil and other products.
 Sonoco, headquartered in Hartsville, S.C., is one of the world's leading producers of industrial and consumer packaging products. The company, which had 1991 sales of $1.7 billion (U.S), has approximately 15,000 employees in more than 200 operations around the world.
 -0- 11~25~92
 ~CONTACT: Dick Puffer, Sonoco Products, 803-383-7425~
 (SONO)


CO: Sonoco Products Company; OPV-Durener Group ST: South Carolina IN: PAP SU: TNM

CM -- CH006 -- 1605 11~25~92 15:31 EST
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Publication:PR Newswire
Date:Nov 25, 1992
Words:190
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