---
schema_version: "secwatch.filing_event.v1"
accession: "0000091767-23-000053"
form_type: "8-K"
ticker: "SON"
cik: "0000091767"
company_name: "SONOCO PRODUCTS CO"
filed_at: "2023-09-11T23:59:59+00:00"
generated_at: "2026-06-10T21:57:57.871240+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000091767-23-000053
- form_type: 8-K
- ticker: SON
- cik: 0000091767
- company_name: SONOCO PRODUCTS CO
- filed_at: 2023-09-11T23:59:59+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/91767/000009176723000053/0000091767-23-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91767/000009176723000053/son-20230908.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000091767-23-000053
- JSON: https://secwatch.observer/filing/0000091767-23-000053.json
- Plain text: https://secwatch.observer/filing/0000091767-23-000053.txt

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