Sonoco completes $330M acquisition of RTS Packaging stake and WestRock Chattanooga mill

Sonoco completed its acquisition of the remaining equity in RTS Packaging from joint venture partner WestRock, along with a WestRock paper mill in Chattanooga, Tennessee, for $330 million. The deal adds 15 operations and 1,100 employees.

“Sonoco completed its acquisition of the remaining equity interest in RTS Packaging, LLC from joint venture partner WestRock.”investor.sonoco.com

• 2 sources
• investor.sonoco.comSonoco Products Company - Sonoco Completes Acquisition of RTS PackagingSep 8, 2023
• packagingdive.comSonoco completes $330M deal including WestRock’s stake in RTS Packaging | Packaging DiveSep 8, 2023

Summarized from public sources; check the original articles before acting on it.