secwatch.observer — SEC 8-K summary
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Issuer:     SONOCO PRODUCTS CO (SON)
CIK:        0000091767
Form:       8-K
Filed at:   2023-09-11T23:59:59+00:00
Accession:  0000091767-23-000053
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91767/000009176723000053/0000091767-23-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91767/000009176723000053/son-20230908.htm
  HTML page:      https://secwatch.observer/filing/0000091767-23-000053

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