Prairie Industries’ Acquisition of Sonoco’s European Contract Packaging Business

Mayer Brown team advised The Halifax Group in the transaction.

Sonoco (NYSE: SON), one of the most diversified global packaging companies, signed an agreement to sell its European contract packaging business to Prairie Industries Holdings, a portfolio company of The Halifax Group. The transaction is subject to normal closing requirements and is expected to be completed in the next 30 to 60 days.

Founded in 1994 and based in Prairie du Chien, WI, Prairie Industries is a leading contract packager and manufacturer of consumer and food products. The Prairie Industries division offers a wide range of packaging, converting, manufacturing, and warehousing services for consumer, household, and industrial products.

The Halifax Group is a private equity firm that partners with managers and entrepreneurs to recapitalize and grow lower middle-market businesses with total enterprise values generally between $50 million and $300 million.

The Mayer Brown team advising The Halifax Group was led by partners Perry Yam (Picture) and James West and included: Corporate & Securities senior associate Katrina Murphy; Employment & Benefits partner Miriam Bruce and associate George Aldous, Intellectual Property partner Mark Prinsley and associate Reece Randall (all London); Tax Transactions & Consulting partner Steven Garden and associate Andre Smith; Banking & Finance partner Beth Vogel, associate Nicole Goodman and staff attorney Brigid Leahy (all Chicago). Rebecca Bothamley, Corporate & Securities partner in London, provided advice on W&I insurance.

Involved fees earner: George Aldous – Mayer Brown; Rebecca Bothamley – Mayer Brown; Miriam Bruce – Mayer Brown; Steven Garden – Mayer Brown; Nicole Goodman – Mayer Brown; Brigid Leahy – Mayer Brown; Katrina Murphy – Mayer Brown; Mark Prinsley – Mayer Brown; Reece Randall – Mayer Brown; Andre Smith – Mayer Brown; Beth Vogel – Mayer Brown; James West – Mayer Brown; Perry Yam – Mayer Brown;

Law Firms: Mayer Brown;

Clients: The Halifax Group;