Sonoco Products Company (SON) News

Sonoco Products Company (SON): $62.37

0.45 (+0.73%)

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SON News Highlights

  • SON's 30 day story count now stands at 17.
  • Over the past 23 days, the trend for SON's stories per day has been choppy and unclear. It has oscillated between 1 and 4.
  • LI, NOV and LINK are the most mentioned tickers in articles about SON.

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 ThermoSafe and LATAM Cargo Sign Global Master Lease Agreement

ARLINGTON HEIGHTS, Ill., Nov. 22, 2022 (GLOBE NEWSWIRE) -- Sonoco ThermoSafe, a unit of Sonoco (NYSE:SON) 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 LATA

Yahoo | November 22, 2022

Sonoco (SON) to Open Plant in Turkey to Boost Sonopost Output

Sonoco (SON) plans to address growing demand for corner posts in Europe by unveiling a facility in Turkey.

Yahoo | November 22, 2022

Sonoco Further Expands Sonopost® Cornerpost Manufacturing with New Facility in Turkey

BRUSSELS, Belgium, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), 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. “Growing demand for our proprietary Sonopost technology created the need for a second production facility,” said Adam Wood, Vice Presiden

Yahoo | November 17, 2022

Sonoco Announces Agreement to Acquire Westrock''s Remaining Interest in Joint Venture: RTS Packaging

HARTSVILLE, S.C., Nov. 09, 2022 (GLOBE NEWSWIRE) -- Sonoco Products Company (NYSE: SON ) ("Sonoco" or the "Company"), a diversified global packaging leader, today announced it has entered a definitive agreement to purchase the remaining equity interest in RTS Packaging, LLC ("RTS") from joint venture partner WestRock Company ("WestRock") and one WestRock paper mill in Chattanooga, Tennessee, for $330 million in cash, subject to customary price adjustments. The valuation is approximately 6.6x adjusted EBITDA without synergies and 5x adjusted EBITDA pro forma for synergies. Sonoco also anticipates that it will be able to achieve $40 million of tax benefits from the transaction. Upon completion of the transaction, Sonoco will own 100% of RTS, formerly operated as a joint venture between So...

Benzinga | November 9, 2022

Sonoco Announces Agreement to Acquire Westrock’s Remaining Interest in Joint Venture: RTS Packaging

Expands Sustainable Fiber-based Consumer PortfolioHARTSVILLE, S.C., Nov. 09, 2022 (GLOBE NEWSWIRE) -- Sonoco Products Company (NYSE: SON) (“Sonoco” or the “Company”), a diversified global packaging leader, today announced it has entered a definitive agreement to purchase the remaining equity interest in RTS Packaging, LLC (“RTS”) from joint venture partner WestRock Company (“WestRock”) and one WestRock paper mill in Chattanooga, Tennessee, for $330 million in cash, subject to customary price adj

Yahoo | November 9, 2022

Why Sonoco (SON) is a Top Value Stock for the Long-Term

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Yahoo | November 4, 2022

Zacks Industry Outlook Highlights Graphic Packaging Holding, Sonoco Products and Greif

Graphic Packaging Holding, Sonoco Products and Greif are part of the Zacks Industry Outlook article.

Yahoo | November 4, 2022

3 Packaging Stocks to Watch Amid Industry Challenges

Inflationary pressures and supply-chain snarls induce cloudy near-term prospects of the Zacks Containers-Paper and Packaging industry. However, the likes of GPK, SON and GEF are poised well to tackle the challenges.

Yahoo | November 3, 2022

KeyBanc Sticks to Its Hold Rating for Sonoco Products (SON)

KeyBanc analyst Adam Josephson maintained a Hold rating on Sonoco Products (SON - Research Report) today. The company's shares closed today at $58.60.According to TipRanks, Josephson is an analyst with an average return of -4.8% and a 48.04% success rate. Josephson covers the Basic Materials sector, focusing on stocks such as Clearwater Paper, WestRock, and AptarGroup.In addition to KeyBanc, Sonoco Products also received a Hold from Deutsche Bank's David Begleiter in a report issued on October 21. However, on October 30, BMO Capital downgraded Sonoco Products (NYSE: SON) to a Sell.

Carrie Williams on TipRanks | November 1, 2022

Sonoco Products Company (SON) Q3 2022 Earnings Call Transcript

Sonoco Products Company (NYSE:NYSE:SON) Q3 2022 Results Conference Call November 01, 2022 08:30 AM ET Company Participants Lisa Weeks - Vice President of Investor Relations Robert Coker -…

Seeking Alpha | November 1, 2022


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