Total packaging services provider Sonoco plans acquisition of corrugated
construction form maker VoidForm International.
Hartsville, S.C. – Sonoco (NYSE: SON), the market and technology
leader in the manufacture of fiber based concrete forms, today announced
it has signed a letter of intent to acquire the assets of VoidForm International
Ltd., a privately held maker of fiber-based concrete construction void
forms.
Founded in 1996, VoidForm International is based in Winnipeg, Manitoba,
Canada. The company makes fiberbased void forms, used in the construction
of cast-in-place concrete foundations where expansive soils are present.
While a concrete floor, beam or wall is being poured, a void form provides
temporary support for the concrete until the concrete can support itself
on caissons or drilled piles. As the concrete cures and gains its full
strength, the void form is engineered to degrade as its structural integrity
is no longer required, thereby allowing the soil to expand without causing
damage to the foundation.
Environmentally sustainable VoidForm products are made entirely of fiber-based
corrugated paper and finished with a thin wax coating, making them lightweight
and biodegradable.
Sonoco’s Sonotube concrete
forming product line. Click
Here for Larger image. photo: Sonoco
“VoidForm International’s products are a natural complement
to our existing Sonotube* product
line offerings for the construction industry,” said John Colyer,
Sonoco’s division vice president and general manager, Industrial
Products division-North America. “For Sonoco customers, this addition
means access to a wider range of concrete forming systems.”
Sonoco provides total packaging solutions with superior innovation, performance,
quality and service from a company with global capability.
Sonoco will exhibit the VoidForm International product line, along with
Sonoco’s existing Sonotube concrete forming product lines at this
year’s World of Concrete, in booth S11029 at the Las Vegas Convention
Center, Las Vegas, Nevada, USA, Jan. 22 - 24. Michael Rosenblat, chief
executive officer of VoidForm International, will attend to introduce
the new product line to Sonoco customers.
“World of Concrete is an ideal place to begin integrating the VoidForm
International product line into Sonoco’s construction products business,”
said Rosenblat. “Sonoco’s global footprint, extensive distribution
channels, and marketing capabilities will provide a way for more construction
industry businesses to build quality foundations using our void forms,
and offers the opportunity to reach customers in other geographies outside
North America where expansive soil conditions exist.”
Terms of the pending transaction were not disclosed.
* Trademark of Sonoco.
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