Sonoco Products to acquire the remaining 65% stake in RTS Packaging from WestRock Company for $330m.

Sonoco Products, a diversified global packaging company, agreed to acquire the remaining 65% stake in RTS Packaging, a manufacturer of packaging and partition products, from WestRock Company, a manufacturer of corrugated and consumer packaging products, for $330m. “These divestitures align with WestRock’s commitment to optimize its portfolio and focus our strategy on key end markets. I want to thank the teammates in RTS Packaging and our Chattanooga, Eaton and Aurora mills for their numerous contributions to our success over the years. Looking forward, we remain committed to leveraging the power of our broad, diverse portfolio of sustainable paper and packaging solutions to serve our customers and provide value to our shareholders," David B. Sewell, WestRock CEO.