Sonoco Issues 2016 Annual Report to Shareholders
“By most measures, 2016 was a solid year for Sonoco, despite flat to negative growth by many of our consumer product customers and generally muted economic growth around the world,” President and CEO
Sanders noted these results are the product of the Company’s Grow and Optimize strategy, which is focused on shifting the Company’s business mix to focus more on consumer and protective packaging, delivering faster growth, more consistent earnings and improved returns, while continuing to return long-term value to shareholders.
Sanders also introduced shareholders to the Company’s updated purpose statement: Better Packaging. Better Life. “We believe this statement captures the essence of why Sonoco has been successful in the past and why this success should continue into the future,” Sanders explained. “The creation of better packaging provides value to our direct customers and helps differentiate us from our competition. At the same time, through our products and innovations we contribute to a better life for consumers, whether by protecting valuable life-saving vaccines, improving the safety or fuel economy of vehicles, or making food products safer, longer-lasting, fresher or just easier to access, open and store.”
Annual Meeting and Proxy Information
Sonoco has mailed the 2016 Annual Report and Form 10-K and proxy statement to its shareholders in advance of its annual meeting, which will be held on
Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. With annualized net sales of approximately $4.8 billion, the Company has 20,000 employees working in more than 300 operations in 33 countries, serving some of the world’s best known brands in some 85 nations. For more information on the Company, visit www.sonoco.com.
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