secwatch.observer — SEC 8-K summary
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Issuer:     SONOCO PRODUCTS CO (SON)
CIK:        0000091767
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0000091767-22-000064
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91767/000009176722000064/0000091767-22-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91767/000009176722000064/son-20221109.htm
  HTML page:      https://secwatch.observer/filing/0000091767-22-000064

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