Sonoco

Sonoco Products Company (NYSE: SON) is a global provider of consumer packaging, industrial products, protective packaging and supply chain services. Founded in 1899, Sonoco has grown into a multi-billion dollar company with approximately 22,000 employees working in more than 300 operations across 34 countries.

Sonoco offers a wide range of packaging solutions across its business segments:

• Consumer Packaging: Provides paper-based cans and ends, plastic containers, flexible packaging, and thermoformed packaging. Key products include the EnviroCan recyclable paper container, metal packaging for food and aerosols, and flexible packaging for snacks and confectionery.

• Industrial Paper Packaging: Manufactures paperboard tubes, cores, and cones; fiber-based construction tubes; and protective packaging.

• All Other: Includes temperature-assured packaging and other miscellaneous businesses.

In 2023, Sonoco reported net sales of approximately USD 6.8 billion. The company has been focused on simplifying its portfolio, including selling its protective solutions business in April 2024 for USD 82 million. Sonoco aims to reduce greenhouse gas emissions, with initiatives like entering a Virtual Power Purchase Agreement in 2024 to contract a significant portion of its expected US electricity consumption. The company has paid increasing dividends for 41 consecutive years as of April 2024, demonstrating its commitment to returning value to shareholders.