Sonoco’s transformation could boost shareholder value, but some hurdles remain

Sonoco Products produces a wide range of consumer and industrial packaging, from Pringles cans to foam car bumpers and toilet paper cores. The company operates more than 300 manufacturing facilities and serves customers in 85 countries, with North America accounting for approximately 75% of sales. Its two primary segments, consumer packaging and industrial paper packaging, provide customers with both flexible and rigid packaging products to meet virtually any packaging need. Sonoco’s portfolio has evolved in recent years; it has now focused on a few core businesses and divested from non-priority products and markets such as high-density film, European contract packaging and more.