SONOCO PRODUCTS Business Summary

Sonoco Products Company (SON) is a global provider of diversified consumer and industrial packaging solutions, generating revenue primarily through the high-volume sale of engineered containers, tubes, cores, and metal packaging. As of early 2026, the company has streamlined its operations into two primary reporting segments: Consumer Packaging and Industrial Paper Packaging. The Consumer segment was significantly expanded by the $3.8 billion acquisition of Eviosys in late 2024, positioning Sonoco as a global leader in metal food and aerosol cans, while the Industrial segment remains a dominant force in the production of uncoated recycled paperboard and fiber-based carriers. Sonoco competes directly with industry giants such as Amcor plc, Greif, Inc., and Crown Holdings, distinguishing itself through a vertically integrated business model that leverages its own recycled paper mills to supply its converting operations, maintaining a top-tier market position in sustainable, fiber-based packaging. Originally founded in 1899 as the Southern Novelty Company by Major James Lide Coker, Sonoco is currently led by President and CEO R. Howard Coker, a company veteran who has held various executive roles since 1985. The leadership team includes Chief Financial Officer Paul Joachimczyk and Chief Operating Officer Rodger Fuller, the latter of whom is set to retire in late February 2026, with his responsibilities transitioning to a direct-report structure under the CEO. The company's strategic direction is overseen by Chairman John R. Haley and a board that recently added First Citizens BancShares CFO Craig L. Nix. Sonoco maintains a strong institutional investor base, with major holdings from firms such as Vanguard, BlackRock, and Dimensional Fund Advisors, reflecting its status as a long-standing Dividend Aristocrat with over four decades of consecutive dividend increases.