Sonoco Products Co (Sonoco) is a manufacturer of industrial and consumer packaging products. It designs, produces, assembles, packages, and distributes temporary, semi-permanent, and permanent point-of-purchase displays. Sonoco offers plastic bottles and jars; rigid containers and trays; metal and peelable membrane ends and closures; wooden, metal and composite wire and cable reels and spools. It provides fiber-based construction tubes and forms, paper, tubes and cores, and custom-engineered paperboard-based and expanded foam protective packaging and components. The company serves food, home, personal care, consumer packaged goods, construction, textiles, municipal and residential, automotive, cosmetics, medical, hospitality, advertising, consumer electronics, pharmaceuticals, office furnishings, and promotional and palletized distribution sectors. It has operations in the Americas, Asia, Europe and Australia/New Zealand. Sonoco is headquartered in Hartsville, South Carolina, the US.
Headquarters
United States of America
Address
1 North Second St, Po Box 160, Hartsville, South Carolina, 29551-0160
Website
www.sonoco.com
Telephone
1 843 3837000
No of Employees
20,500
Industry
Paper and Packaging
Ticker Symbol & Exchange
SON (NYSE)
Revenue (2021)
$5.6B
6.7%
(2021 vs 2020)
EPS
XXX
Net Income (2021)
XXX
-141.2%
(2021 vs 2020)
Market Cap*
$5.5B
Net Profit Margin (2021)
XXX
-138.6%
(2021 vs 2020)
* As of and is in US$
Products and Services
| Products | Services | Brands |
|---|---|---|
| Consumer Packaging: | Collection | Sonotube |
| Rigid Packaging – Paper | Processing | Sonoco |
| Rigid Packaging – Blow Molded Plastics | Recycling | SmartSea |
| XXX | XXX | XXX |
| XXX | XXX | XXX |
| XXX | XXX | XXX |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Others | In May, the company announced it has been pre-qualified for How2Recycle Store Drop-off labels for the EnviroFlex PE line of mono-material flexible packaging products. |
| 2022 | Acquisitions/Mergers/Takeovers | In April, the company acquired Sonoco do Brasil Participacoes, Ltda. |
| 2022 | Others | In February, Cascades Sonoco's FlexSHIELD coatings received third-party certification for compostability from TUV Austria. |
Competitor Comparison
| Key Parameters | Sonoco Products Co | International Paper Co | Westrock Co | Packaging Corporation of America | Huhtamaki Oyj |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | Finland |
| City | Hartsville | Memphis | Atlanta | Lake Forest | Espoo |
| State/Province | South Carolina | Tennessee | Georgia | Illinois | - |
| No. of Employees | 20,500 | 38,200 | 49,900 | 15,200 | 19,805 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Operating Margin
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| John R. Haley | Chairman | Executive Board | 2019 | 59 |
| R. Howard Coker | Director; President; Chief Executive Officer | Executive Board | 2020 | 59 |
| Julie Albrecht | Vice President; Chief Financial Officer | Senior Management | 2019 | 54 |
| Rodger Fuller | Chief Operating Officer | Senior Management | 2022 | - |
| Richard Johnson | Chief Information Officer; Vice President | Senior Management | 2019 | 54 |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
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