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Expands sustainable fiber-based consumer portfolio.
November 11, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sonoco Products Company announced it has entered a definitive agreement to purchase the remaining equity interest in RTS Packaging, LLC from joint venture partner WestRock Company and one WestRock paper mill in Chattanooga, TN, 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 f...
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