# 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.

- Type: Acquisition
- Announced: 2023-09-08
- Where: Chattanooga, Tennessee, United States
- Value: $330.0M
- Status: completed
- Products: recycled fiber-based packaging, fiber partitions, paper mill output

## Companies

- [Sonoco](https://endata.com/companies/268.md) (acquirer)
- [WestRock](https://endata.com/companies/791.md) (partner)
- [RTS Packaging](https://endata.com/companies/9680.md) (target)

## Sources

- [investor.sonoco.com](https://investor.sonoco.com/news/news-details/2023/Sonoco-Completes-Acquisition-of-RTS-Packaging-09-08-2023/default.aspx), 2023-09-08: "Sonoco completed its acquisition of the remaining equity interest in RTS Packaging, LLC from joint venture partner WestRock."
- [packagingdive.com](https://www.packagingdive.com/news/rts-packaging-sonoco-westrock-protective-fiber/693094/), 2023-09-08: "Sonoco has acquired the remaining stake in RTS Packaging from WestRock, as well as a WestRock paper mill in Chattanooga, Tennessee, for a purchase price of $330 million."

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