# Sonoco to acquire WestRock's remaining 65% stake in RTS Packaging for $330M

Sonoco agreed to buy WestRock's remaining equity interest in RTS Packaging, plus a WestRock paper mill in Chattanooga, Tennessee, for $330 million in cash, with closing expected in the first half of 2023.

- Type: Acquisition
- Announced: 2022-09-11
- Where: Chattanooga, Tennessee, United States
- Value: $330.0M
- Status: announced
- Products: solid fiber partitions, recycled paperboard
- 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

- [moneycontroller.co.uk](https://www.moneycontroller.co.uk/finance-news/sonoco-products-co/sonoco-announces-agreement-to-acquire-westrock-s-remaining-interest-in-joint-venture-rts-packaging-941406), 2022-09-11: "Sonoco announced it has entered a definitive agreement to purchase the remaining equity interest in RTS Packaging, LLC from joint venture partner WestRock Company for $330 million in cash"

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