---
schema_version: "secwatch.filing_event.v1"
accession: "0000091767-22-000064"
form_type: "8-K"
ticker: "SON"
cik: "0000091767"
company_name: "SONOCO PRODUCTS CO"
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T21:57:31.495546+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sonoco to acquire remaining 65% of RTS Packaging from WestRock for $330M

## Summary
- Purchase price $330M cash for remaining 65% equity interest and a paper mill in Chattanooga, TN.
- Acquired assets expected to generate ~$270M sales and $50M EBITDA in FY2022.
- Valuation ~6.6x adjusted EBITDA without synergies; ~5x pro forma for $16M expected synergies.
- Deal expected to close H1 2023, subject to regulatory approvals and customary conditions.
- Sonoco will own 100% of RTS; net debt to base EBITDA expected to remain below 3.0x.

## SEC filing metadata
- accession: 0000091767-22-000064
- form_type: 8-K
- ticker: SON
- cik: 0000091767
- company_name: SONOCO PRODUCTS CO
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/91767/000009176722000064/0000091767-22-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91767/000009176722000064/son-20221109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000091767-22-000064
- JSON: https://secwatch.observer/filing/0000091767-22-000064.json
- Plain text: https://secwatch.observer/filing/0000091767-22-000064.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.