Sonoco completes $330M acquisition of RTS Packaging from WestRock; expects immediate EPS accretion

SONOCO PRODUCTS CO

Purchase price $330M for remaining equity in RTS Packaging and one WestRock paper mill in Chattanooga, TN.
Sonoco previously owned 35% of RTS; now adds 15 operations and 1,100 employees in U.S., Mexico, South America.
Acquisition funded with existing credit facilities and cash; net debt to adjusted EBITDA ratio <2.9x post-close.
Deal expected to be immediately accretive to EPS excluding purchase accounting adjustments.

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