Articles from Sonoco Products Company

HARTSVILLE, S.C., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSESON), a global leader in high-value sustainable packaging, today announced senior leadership changes which became effective on January 3, 2025.

HARTSVILLE, S.C., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSESON), a global leader in high-value sustainable packaging, today announced it has entered into an agreement to sell its Thermoformed and Flexibles Packaging business (“TFP”) to TOPPAN Holdings Inc. (“Toppan”) for approximately $1.8 billion on a cash-free and debt-free basis and subject to customary adjustments (the “Transaction”).

Creates a Global Leader in Metal Food and Aerosol Can Manufacturing

HARTSVILLE, S.C., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSESON), one of the largest sustainable global packaging companies, today reported financial results for its third quarter ended September 29, 2024.

HARTSVLLE, S.C., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”)(NYSESON), one of the largest global sustainable packaging companies, will announce third quarter 2024 results on Thursday, October 31, 2024 after the market closes. The Company will host a conference call to discuss these results on Friday, November 1, 2024 at 8:30 a.m. Eastern Time.

HARTSVILLE, S.C., Oct. 15, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSESON) has declared a $0.52 per share quarterly common stock dividend. This dividend will be paid on December 10, 2024, to shareholders of record as of November 8, 2024.

HARTSVILLE, S.C., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSESON), a global leader in high-value sustainable packaging, today announced that it has priced an offering (the “Offering”) of senior unsecured notes in a combined aggregate principal amount of $1.8 billion (collectively, the “Notes”).   The Notes will be issued in three tranches:

HARTSVILLE, S.C., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSESON), a global leader in high-value sustainable packaging, today announced that it has initiated a review of strategic alternatives for the Company’s Thermoformed & Flexible Packaging (“TFP”) business, a part of the Company’s Consumer Packaging segment. Exploring alternatives for the TFP business is expected to accelerate Sonoco’s portfolio simplification strategy, improve pro forma leverage and further increase shareholder value.

HARTSVILLE, S.C., July 31, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSESON), one of the largest sustainable global packaging companies, today reported financial results for its second quarter ended June 30, 2024.

HARTSVLLE, S.C., July 24, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”)(NYSESON), one of the largest global sustainable packaging companies, will announce second quarter 2024 results on Wednesday, July 31, 2024 after the market closes. The Company will host a conference call to discuss these results on Thursday, August 1, 2024 at 9:30 a.m. Eastern Time.

HARTSVILLE, S.C., July 17, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSESON) has declared a $0.52 per share quarterly common stock dividend. This dividend will be paid on September 10, 2024, to shareholders of record as of August 9, 2024.

Advances Sonoco’s Shareholder Value Creation Strategy Through Disciplined and High Return Capital Investment

HARTSVILLE, S.C., June 17, 2024 (GLOBE NEWSWIRE) -- Sonoco (NYSESON) today announced it will raise the price for all converted paperboard products by a minimum of 6 percent, effective with shipments in the United States and Canada, on or after July 10th, 2024. This includes tubes, cores, cones and protective packaging.

HARTSVILLE, S.C., June 10, 2024 (GLOBE NEWSWIRE) -- Sonoco (NYSESON) today announced it is implementing a $70 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning July 10, 2024. This price action is necessary to offset increased input costs.

HARTSVILLE, S.C., May 30, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco”) (NYSESON), one of the largest sustainable global packaging companies, today announced the grand opening of a new multi-million-dollar, state-of-the-art center at 2850 Charter Street in Columbus, Ohio. The 11,000 square foot facility includes modern laboratories, prototyping equipment, training rooms, and collaboration spaces. The opening of the Sonoco Metal Packaging Technical & Engineering Center demonstrates the company’s commitment to expand leadership in sustainable metal packaging and creates a centralized location to support our customers with design support, advanced technical services, process development, engineering, and training.

HARTSVILLE, S.C., May 14, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSESON), one of the largest sustainable global packaging companies, today announced the upcoming retirement of tenured executive, Jeff Tomaszewski, President, Diversified Businesses, effective June 30, 2024.

HARTSVILLE, S.C., May 13, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSESON), one of the largest global sustainable packaging companies, is pleased to announce that Sonoco Flexible Packaging has received ISCC PLUS certification from the International Sustainability and Carbon Certification System within their EnviroFlex™ Recycled Content portfolio. This certification brings third party validation of resin sourcing practices at Sonoco’s Morristown, Tennessee facility. With this certification, Sonoco continues to build credibility as the market leader in high performing laminations containing recycled materials.

HARTSVILLE, S.C., April 30, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSESON), one of the largest sustainable global packaging companies, today reported financial results for its first quarter ended March 31, 2024.

HARTSVILLE, S.C., April 24, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”)(NYSESON), one of the largest global sustainable packaging companies, will announce first quarter 2024 results on Tuesday, April 30, 2024 after the market closes. The Company will host a conference call to discuss these results on Wednesday, May 1, 2024 at 9:00 a.m. Eastern Time.

HARTSVILLE, S.C., April 23, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSESON), one of the largest global sustainable packaging companies, today released its 2023 Corporate Sustainability Report which highlights progress made in support of its environmental, social and governance (ESG) initiatives.

HARTSVILLE, S.C., April 17, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSESON) today increased its quarterly common stock dividend to $0.52 per share from the previous quarterly distribution of $0.51 per share. This new dividend will be paid on June 10, 2024, to shareholders of record as of May 10, 2024.

HARTSVILLE, S.C., April 08, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSESON), one of the largest global sustainable packaging companies, and ENGIE North America (“ENGIE") today announced that they have entered into a Virtual Power Purchase Agreement (“VPPA”) for production from ENGIE’s Big Sampson Wind Project (“Big Sampson”), a wind power project currently under construction in Crockett County, Texas.

HARTSVILLE, S.C., March 25, 2024 (GLOBE NEWSWIRE) -- Sonoco (NYSESON) today announced it is implementing a €60 per ton, £50 for UK market, price increase for all grades of uncoated recycled paperboard (URB) sold in Europe effective for deliveries after 15th April 2024.

HARTSVILLE, S.C., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSESON), one of the largest sustainable global packaging companies, today hosts its 2024 Investor Day in New York City. During this event, Sonoco will provide updates and progress on its focused growth strategy and discuss next era goals to achieve long term financial targets.

HARTSVILLE, S.C., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSESON), one of the largest sustainable global packaging companies, today reported financial results for its fourth quarter and fiscal year ended December 31, 2023.

HARTSVILLE, S.C., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSESON) has declared a $0.51 per share quarterly common stock dividend. This dividend will be paid on March 8, 2024, to shareholders of record as of February 28, 2024.

HARTSVILLE, S.C., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSESON), one of the largest global sustainable packaging companies, today announced that it will permanently close its uncoated paperboard (URB) mill operations in Sumner, Washington effective immediately.  The mill has been in operation since 1915 and owned by Sonoco since 1980.  It has a capacity of 40,000 tons per year. 

HARTSVLLE, S.C., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”)(NYSESON), one of the largest global sustainable packaging companies, today announced that certain of its subsidiaries entered into a definitive agreement to sell its Protective Solutions business to Black Diamond Capital Management, LLC (“Black Diamond”) for an estimated $80 million in cash. The transaction is subject to customary closing conditions and is expected to be completed in the first half of 2024. This sale is the result of Sonoco’s continuing evaluation of its business portfolio and is consistent with its strategic and investment priorities.

HARTSVLLE, S.C., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”)(NYSESON), one of the largest global sustainable packaging companies, will announce fourth quarter 2023 and annual 2023 results on Wednesday, February 14, 2024 after the market closes and host a conference call to discuss these results on Thursday, February 15, 2024 at 8:30 AM Eastern Time.

HARTSVILLE, S.C., Dec. 18, 2023 (GLOBE NEWSWIRE) -- Sonoco (NYSESON) today announced it will raise the price for all converted paperboard products by a minimum of 6 percent, effective with shipments in the United States and Canada, on or after February 1, 2024.

HARTSVILLE, S.C., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Sonoco (NYSESON) today announced it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning February 1, 2024. This price action is necessary to offset increased input costs.

HARTSVILLE, S.C., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSESON), one of the largest sustainable global packaging companies, today reported financial results for its third quarter ended October 1, 2023.

HARTSVLLE, S.C., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”)(NYSESON), one of the largest global sustainable packaging companies, will announce third quarter 2023 results on Tuesday, October 31, 2023 after the market closes. The Company will host a conference call to discuss these results on Wednesday, November 1, 2023 at 8:30 a.m. Eastern Time.

HARTSVILLE, S.C., Oct. 17, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSESON) has declared a $0.51 per share quarterly common stock dividend. This dividend will be paid on December 8, 2023, to shareholders of record as of November 10, 2023.

HARTSVILLE, S.C., Sept. 08, 2023 (GLOBE NEWSWIRE) -- Sonoco Products Company (NYSESON) (“Sonoco” or the “Company”), a diversified global packaging leader, today announced the completion of its acquisition of the remaining equity interest in RTS Packaging, LLC (“RTS”) from joint venture partner WestRock NYSE:WRKNYSEWRK)

HARTSVILLE, S.C., Aug. 08, 2023 (GLOBE NEWSWIRE) -- August 8, 2023 – Sonoco (NYSESON) has added two new cold seal structures to the growing family of EnviroFlex® Paper products receiving How2Recycle® Widely recyclable pre-qualification. EnviroFlex Paper Ultimate (ULT) 1.0 CS and Advanced (ADV) 4.0 CS are the first of their kind to bring cold seal properties to curbside recyclable paper packaging. This results from Sonoco’s ongoing efforts to develop and provide a range of innovative and sustainable packaging solutions to meet the challenging needs of consumer-packaged goods companies in today’s competitive market.

HARTSVILLE, S.C., July 31, 2023 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSESON), one of the largest sustainable global packaging companies, today reported financial results for its second quarter ended July 2, 2023.

HARTSVLLE, S.C., July 19, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSESON) has declared a $0.51 per share quarterly common stock dividend. This dividend will be paid on September 8, 2023, to shareholders of record as of August 10, 2023.

HARTSVILLE, S.C., July 17, 2023 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSESON), one of the largest global sustainable packaging companies, will announce second quarter 2023 results on Monday, July 31, 2023 after the market closes. The Company will host a conference call to discuss these results on Tuesday, August 1, 2023 at 8:30 a.m. Eastern Time.

HARTSVILLE, S.C., May 01, 2023 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSESON), one of the largest sustainable global packaging companies, today reported financial results for its first quarter ended April 2, 2023.

HARTSIVLLE, S.C., April 27, 2023 (GLOBE NEWSWIRE) -- Sonoco (NYSESON), a diversified global packaging company recognized for its leadership in sustainability, today released its 2022 Corporate Responsibility Report which highlights progress made in support of its environmental, social, and governance (ESG) initiatives.

HARTSVILLE, S.C., April 19, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSESON) today increased its quarterly common stock dividend by approximately 4 percent to $0.51 per share from the previous quarterly distribution of $0.49 per share. This new dividend will be paid on June 9, 2023, to shareholders of record as of May 10, 2023.

HARTSIVLLE, S.C., April 03, 2023 (GLOBE NEWSWIRE) -- Sonoco (NYSESON) announces that the high barrier paper-based structure, EnviroFlex® Paper Ultimate (ULT) 1.0, has received How2Recycle® pre-qualification and has met all requirements of the Fibre Box Association’s Voluntary Standard for Repulping and Recycling. This pre-qualification comes as a result of Sonoco’s ongoing efforts to develop innovative, sustainable packaging solutions.

HARTSVILLE, S.C., March 30, 2023 (GLOBE NEWSWIRE) -- Sonoco Products Company (NYSESON), a diversified global packaging company recognized for its leadership in sustainability, today announced it has sold approximately 55,000 acres of timberlands in South Carolina for $72 million in cash to Manulife Investment Management (Manulife IM) on behalf of its clients. Manulife IM is a timberland and agricultural investment manager which sustainably manages approximately 6 million acres around the globe. 

HARTSVILLE, S.C., March 29, 2023 (GLOBE NEWSWIRE) -- Sonoco (NYSESON) has upgraded its Hartsville wastewater treatment site to significantly reduce carbon emissions. The company began treating wastewater from its paper operations in the 1950’s and in 1987, an anaerobic lagoon was added to improve the system’s efficiency. Anaerobic wastewater treatment is a highly efficient treatment process that uses less energy and produces less sludge than conventional aerobic treatment. The organic matter in the wastewater is converted to carbon dioxide and methane. In addition to the anaerobic treatment, a cover on the lagoon had been capturing the gases and routing them to a flare for destruction.

HARTSVILLE, S.C., March 21, 2023 (GLOBE NEWSWIRE) -- Sonoco Products Company (NYSESON), a diversified global packaging leader, today provided updated first-quarter 2023 earnings guidance and announced its earnings release date and investor conference call information.

Recognized as a Next-Generation Leader in the Waste, Recycling and Organics Industry

HARTSVILLE, S.C., Feb. 09, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSESON) has declared a $0.49 per share quarterly common stock dividend. This dividend will be paid on March 10,2023, to shareholders of record as of February 22, 2023.

Company Achieves Record Annual Revenue, Operating Profit and Earnings per Share

HARTSVILLE, S.C., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Sonoco (NYSESON), one of the largest global sustainable packaging companies, today announced upcoming investor events:

HARTSVILLE, S.C., Dec. 15, 2022 (GLOBE NEWSWIRE) -- For the second year in a row, Sonoco (NYSESON) earns a Gold Medal rating from EcoVadis, a leading environmental, social and ethical review agency for global supply chains. This result placed Sonoco among the top 5% of more than 100,000 organizations reviewed worldwide.

HARTSVILLE, S.C., Dec. 09, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSESON), a diversified global packaging leader, announced today that Steven L. Boyd has been appointed to its Board of Directors.

ARLINGTON HEIGHTS, Ill., Nov. 22, 2022 (GLOBE NEWSWIRE) -- Sonoco ThermoSafe, a unit of Sonoco (NYSESON) and one of the largest global providers of temperature assurance packaging, and LATAM Cargo, an international cargo airline with headquarters in Santiago de Chile, are pleased to announce a global lease agreement for the new Pegasus ULD® temperature-controlled bulk shipping container. The agreement enables pharmaceutical freight forwarders access to Pegasus ULD® containers directly from LATAM Cargo.

BRUSSELS, Belgium, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSESON), a global leader in diversified packaging, plans to further expand Sonopost® cornerpost manufacturing in Europe. A new protective packaging production facility is set to open in Bursa, Turkey in November, one year after Sonoco established the first Sonopost® operation in Sochaczew, Poland.

Expands Sustainable Fiber-based Consumer Portfolio

Company Increases Full-Year 2022 Earnings Guidance

HARTSVILLE, S.C., Oct. 19, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSESON) has declared a $0.49 per share quarterly common stock dividend. This dividend will be paid on December 9, 2022, to shareholders of record as of November 10, 2022.

HARTSVILLE, S.C., Oct. 14, 2022 (GLOBE NEWSWIRE) -- How2Recycle has been the gold standard of on-product labeling for recyclability since 2008. Sonoco Alloyd has been pre-qualified to carry the How2Recycle label on the EnviroSense® PaperBlister™ package. The PaperBlister has been embraced by manufacturers, customers and consumers since its debut in 2019. The product has won multiple awards in recent years for smart design and innovative, sustainable features. The How2Recycle pre-qualification is the latest sustainable achievement for the PaperBlister™ and will allow Sonoco to continue helping brands meet their sustainability goals and expand on products’ curbside recyclability.

ARLINGTON HEIGHTS, Ill., Oct. 10, 2022 (GLOBE NEWSWIRE) -- Sonoco ThermoSafe, a unit of Sonoco (NYSESON), one of the largest global providers of temperature assurance cold chain packaging, is expanding its Orion Rental packaging program in Europe, adding an additional reclamation service station in Brussels.

Company successfully reaches milestone to create a more sustainable future for 100-year-old Hartsville Mill Complex

HARTSVILLE, S.C., Sept. 28, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSESON), a diversified global packaging leader, announced today it has entered into a definitive agreement to acquire S.P. Holding, Skjern A/S (“Skjern”), a privately owned manufacturer of paper based in Skjern, Denmark. The acquisition expands production capacity for customers and Sonoco converting operations throughout Europe and bordering regions. The estimated $88 million (675 million DKK) all-cash transaction has been unanimously approved by Sonoco’s Board of Directors and is expected to be completed in the fourth quarter of 2022, subject to customary closing conditions.