Sonoco

Rank#3178

Market Cap5.01B

CountryUnited States

Summary

Sonoco Products Company, together with its subsidiaries, manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company operates through two segments: Consumer Packaging and Industrial Paper Packaging. The Consumer Packaging segment round and shaped rigid paper containers; metal and peelable membrane ends and closures; thermoformed plastic trays and containers; printed flexible packaging; and global brand artwork management. The Industrial Paper Packaging segment provides fiber-based tubes, cones, and cores; fiber-based construction tubes; fiber-based protective packaging and components; wooden, metal, and composite wire and cable, as well as reels and spools; and recycled paperboard, corrugating medium, recovered paper, and material recycling services. Sonoco Products Company offers thermoformed rigid plastic trays and devices; custom-engineered molded foam protective packaging and components; temperature-assured packaging; injection molded and extruded containers, spools, and parts; retail security packaging, including printed backer cards, thermoformed blisters, and heat-sealing equipment; and paper amenities. The company sells its products in various markets, which include paper, textile, film, food, chemical, packaging, construction, and wire and cable. Sonoco Products Company was founded in 1899 and is headquartered in Hartsville, South Carolina.

History

Sonoco was founded in 1899 as the Southern Novelty Company by six Charleston, South Carolina, businessmen. The company later changed its name to Sonoco Products Company and the founders’ sons built the business into what it is today.

Mission

Sonoco is a $5 billion global provider of consumer packaging, industrial products, protective solutions and display and packaging services. From its headquarters in Hartsville, S.C., and more than 330 operations in 34 countries, the company produces packaging for a variety of industries and many of the world’s most recognized brands, serving customers in 85 nations. Sonoco’s operations consist of our global consumer packaging businesses –Rigid Paper and Closures, Flexibles and Plastics; our display and packaging division, which provides high-impact retail displays and packaging supply chain management; our industrial businesses, which manufacture tubes and cores, reels and spools, uncoated recycled paperboard and Sonoco Recycling, one of the world’s largest recyclers; and our Protective Solutions division, which produces custom-designed protective, temperature-assurance and retail security packaging solutions and highly engineered components.

Vision

We aim to be a leading international packaging company that is renowned for making our customers even more successful than we are.

References

https://en.wikipedia.org/wiki/Sonoco

https://in.investing.com/equities/sonoco-products-comp

https://finance.yahoo.com/quote/SON/profile?p=SON

https://www.comparably.com/companies/sonoco-products-company/mission

https://www.crunchbase.com/organization/sonoco-products-company

https://sec.report/CIK/0000091767

https://companiesmarketcap.com/

https://www.sonoco.com

Leadership team