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Company details ongoing review of Mexico contract packaging center.
July 17, 2015
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sonoco reported preliminary operating results for the second quarter and year-to-date periods ending June 28, 2015. Sonoco, working with outside accounting and legal consultants, is currently conducting a thorough review of financial results for a single contract packaging center in Mexico due to the discovery of overstatements to prior periods’ earnings. This packaging center is part of the Display and Packaging segment. The company expects this review to result in changes to the compan...
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