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Sonoco Products: A Big Deal Creates Some Uncertainty
SONSonoco(SON) Seeking Alpha·2024-07-09 20:27

Standalone Sonoco brazzo/iStock via Getty Images Sonoco was founded in 1899 in South Carolina and, through several innovations, new products and new processes, had grown to a billion-dollar company by the late 1980s. Inventions of the Sonotube, UltraSeal, Smartseal and all paper Pringles packaging meant that the company grew to a $7 billion revenue base. The sustainable packaging manufacturer employs about 22,000 workers across 300 facilities, with operations seen in 33 countries. The business is largely a ...