Sonoco Products Company (SON) News
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Latest SON News From Around the Web
Below are the latest news stories about SONOCO PRODUCTS CO that investors may wish to consider to help them evaluate SON as an investment opportunity.
Sonoco Products price target lowered to $55 from $59 at CitiCiti lowered the firm’s price target on Sonoco Products (SON) to $55 from $59 and keeps a Buy rating on the shares. The firm updated estimates and preferred stock rankings as part of its 2025 packaging outlook. Packagers meaningfully underperformed in 2024 as tepid volumes and price/cost pressure drove negative estimate revisions throughout the year, the analyst tells investors in a research note. However, positively, packaging CEOs are responding with a greater sense of urgency, drive mergers a |
Sonoco Announces Senior Leadership Changes for 2025HARTSVILLE, S.C., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), a global leader in high-value sustainable packaging, today announced senior leadership changes which became effective on January 3, 2025. Jerry Cheatham, a 36-year finance leader within Sonoco, has been named interim Chief Financial Officer, replacing Chief Financial Officer Rob Dillard, who has departed the Company. Mr. Cheatham has been Vice President of Global Finance for the C |
Sonoco shakes up finance leadership amid business reorganizationCFO Rob Dillard and VP of Investor Relations Lisa Weeks are leaving the company. Also on Monday, CEO Howard Coker described Sonoco’s decision to combine its converted paper products and paper businesses in North America. |
Sonoco Products (NYSE:SON) shareholders have endured a 6.9% loss from investing in the stock three years agoMany investors define successful investing as beating the market average over the long term. But its virtually certain... |
Sonoco Inks Agreement to Sell TFP Business to Focus on Core BusinessSON inks sell agreement of its TFP Business for $1.8 billion to focus on core businesses and lower debt levels. |
TOPPAN to acquire Sonoco TFP business in US for $1.8bnThe move reportedly marks the end of the previously announced strategic review of the TFP segment. |
TOPPAN Holdings Acquires Sonoco's TFP BusinessTOPPAN Holdings Inc. (TYO: 7911) (TOPPAN Holdings) has entered into an agreement with Sonoco Products Company (NYSE: SON) (Sonoco), a global leader in high-value sustainable packaging, to acquire Sonoco's Thermoformed & Flexible Packaging (TFP) business for approximately $1.8 billion on a cash-free and debt-free basis and subject to customary adjustments. |
Sonoco Completes Strategic Review, Announces Agreement to Sell Thermoformed and Flexibles Packaging (TFP) Business to TOPPAN Holdings Inc.HARTSVILLE, S.C., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), 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”). The Transaction, which reflects the completion of the pr |
Toppan to buy Sonoco’s thermoformed and flexibles business for $1.8BThe transaction accelerates Sonoco’s portfolio simplification during a year of change for the company. Toppan first expanded into the U.S. from Japan with a film production facility in Georgia. |
Sonoco Boosts Portfolio With the Completion of Eviosys BuyoutSON closes the previously announced acquisition of Eviosys, which will now operate under its Consumer Packaging segment. |