# Sonoco completes acquisition of RTS Packaging for $330M

Sonoco Products Company completed the acquisition of the remaining equity interest in RTS Packaging from joint venture partner WestRock for $330 million. The acquisition adds a network of 15 operations and 1,100 employees in the U.S., Mexico, and South America.

- Type: Acquisition
- Announced: 2023-09-12
- Where: United States
- Value: $330.0M
- Jobs: 1,100
- Status: completed
- Products: recycled fiber-based packaging solutions
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Sonoco Products](https://endata.com/companies/315.md) (acquirer)
- [WestRock](https://endata.com/companies/791.md) (partner)
- [RTS Packaging](https://endata.com/companies/9680.md) (target)

## Sources

- [pulpapernews.com](https://www.pulpapernews.com/20230912/14866/sonoco-completes-acquisition-rts-packaging), 2023-09-12: "Sonoco Products Company today announced the completion of its acquisition of the remaining equity interest in RTS Packaging."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.