Sonoco generated $166 million of operating cash flow and $80 million of free cash flow in the Q1 2024.
Sonoco
Sonoco announced it is implementing a Euro 60 per ton and GBP 50 for UK market, price increase for all grades of uncoated recycled paperboard (URB) sold in Europe effective for deliveries after 15th April 2024.
Q4 2023 net sales decreased by 2% to $1.6 billion driven by lower volumes and pricing.
The American Forest & Paper Association (AF&PA) introduced Sonoco President and CEO Howard Coker as AF&PA’s Board Chair.
The closure is expected to impact 55 employees and Sonoco will offer severance benefits to the impacted employees.
The transaction is subject to customary closing conditions and is expected to be completed in the first half of 2024.