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Company completes review of Mexico packaging center misstatements, restates historical consolidated financial results.
August 21, 2015
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sonoco reported consolidated financial results for the second quarter and year-to-date periods ending June 28, 2015, and restated financial results for the period ended June 29, 2014. As previously reported, in July 2015, the company discovered the operating results for a packaging center in Irapuato, Mexico, part of the company’s Display and Packaging segment, had been overstated since 2012. Sonoco, working with outside accounting and legal consultants, conducted a thorough review of financ...
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