|02/24/2017||Cascades Sonoco Announces Multi-Million Dollar Investment in Birmingham, Ala., Facility to Support Innovative New Product Line|
|A Water-Based Barrier Coating That Allows Creation of Recyclable, Repulpable, Compostable Take-Out Containers
HARTSVILLE, S.C., Feb. 24, 2017 (GLOBE NEWSWIRE) -- Cascades Sonoco, a joint venture of Sonoco Products Company (NYSE:SON) and Cascades Inc. (TSE:CAS) today announced the investment of approximately $16 million for the expansion of its existing Birmingham, Ala., facility. This investment in world-class water based coating technology will provide coated paper and paperboard substrates ... |
|02/16/2017||Sonoco to Acquire Peninsula Packaging Company|
|Expands Thermoforming Packaging to Fresh Foods in Fast Growing Store Perimeter
HARTSVILLE, S.C., Feb. 16, 2017 (GLOBE NEWSWIRE) -- Sonoco (NYSE:SON), one of the largest diversified global packaging companies, today announced it has signed a definitive agreement to acquire Peninsula Packaging Company for approximately $230 million in cash. Peninsula, which is owned by a fund managed by Odyssey Investment Partners, LLC, is a leading manufacturer of thermoformed packaging for fresh fruit and veg... |
|02/13/2017||Sonoco Protective Solutions Announces Price Increases to Keep Pace with Rising Raw Material Costs|
|Impacts Expanded Polystyrene (EPS) and Sonopost Products
HARTSVILLE, S.C., Feb. 13, 2017 (GLOBE NEWSWIRE) -- Sonoco (NYSE:SON) today announced a 10-percent price increase on all EPS parts and components and a 7-percent increase on all Sonopost® products. The increases will be effective on all shipments after March 1, 2017.
These increases are in response to a confluence of macroeconomic factors creating an inflationary environment for multiple raw materials used by the Protective Solutions... |
|02/09/2017||Sonoco Reports Fourth Quarter and Full-Year 2016 Results|
|HARTSVILLE, S.C., Feb. 09, 2017 (GLOBE NEWSWIRE) -- Sonoco (NYSE:SON), one of the largest diversified global packaging companies, today reported financial results for its fourth quarter and full-year 2016.
Fourth Quarter Highlights
Fourth quarter 2016 GAAP earnings per diluted share were $1.04, compared with $0.55 in 2015. As a result of the Company's accounting calendar, the fourth quarter contained five fewer calendar days and four fewer business days than in 2015.
Fourth quarter 2... |
|02/08/2017||Sonoco Board Declares Regular Quarterly Common Stock Dividend|
|HARTSVILLE, S.C., Feb. 08, 2017 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE:SON) today declared a $.37 per share quarterly common stock dividend. The dividend will be paid on March 10, 2017, to shareholders of record as of February 22, 2017.
According to Jack Sanders, president and chief executive officer, this is the 367th consecutive quarter, dating back to 1925, that the Company has paid dividends to shareholders.
Founded in 1899, Sonoco is a global provider... |
|02/07/2017||Sonoco Announces First Wooden Plugs Price Increase in Six Years|
|HARTSVILLE, S.C., Feb. 07, 2017 (GLOBE NEWSWIRE) -- The Reels Division of Sonoco (NYSE:SON) today announced it is implementing a general price increase for both new and recycled molded wooden plugs in the United States and Canada. Sonoco has not increased prices for its plug products since 2011. The price increase is expected to be in the range of 6-8%.
“This increase is necessary to capture inflationary pressure that has entered the market over the past 6 years across a range of operationa... |
|01/13/2017||Sonoco Implementing Price Increase for Paperboard Tubes and Cores|
|HARTSVILLE, S.C., Jan. 13, 2017 (GLOBE NEWSWIRE) -- Sonoco (NYSE:SON) today announced it is implementing price increases for all paperboard tubes and cores in the United States and Canada by a minimum of 8 percent.
Sonoco previously announced a 6 percent to 8 percent price increase on all paperboard tubes and cores in October 2016 and the Company is revising the increase to a minimum of 8 percent, effective with shipments beginning February 13, 2017.
“This price adjustment is necessary to ... |
|01/11/2017||Sonoco Implementing Price Increase for All Uncoated Recycled Paperboard Products|
|HARTSVILLE, S.C., Jan. 11, 2017 (GLOBE NEWSWIRE) -- Sonoco (NYSE:SON) today announced it is implementing a $60 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada.
Sonoco previously announced a URB price increase of $40 to $60 per ton in October 2016, and the Company is revising the increase for all grades to $60 per ton, effective with shipments beginning February 6, 2017.
“This increase is necessary to capture higher recycled fiber... |
|01/10/2017||Sonoco Announces Quarterly Conference Calls and Webcasts for 2017|
|HARTSVILLE, S.C., Jan. 10, 2017 (GLOBE NEWSWIRE) -- Sonoco (NYSE:SON), one of the largest diversified global packaging companies, will host its regular quarterly investor conference calls on the below dates and times. Any updates to these reporting dates or times will be communicated in subsequent news releases.
News Release (1)
Conference Call (2)
Fourth Quarter 2016 Results
Feb. 9, 2017
Feb. 9, 2017