Sonoco Announces Uncoated Paperboard (URB) Mill Closure in Sumner, Washington
HARTSVILLE, S.C., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), one of the largest global sustainable packaging companies, today announced that it will permanently close its uncoated paperboard (URB) mill operations in Sumner, Washington effective immediately.
- HARTSVILLE, S.C., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), one of the largest global sustainable packaging companies, today announced that it will permanently close its uncoated paperboard (URB) mill operations in Sumner, Washington effective immediately.
- The mill has been in operation since 1915 and owned by Sonoco since 1980.
- This decision was made as part of Sonoco’s ongoing strategy to optimize our mill network and lower operating costs.
- The closure is expected to impact 55 employees and Sonoco will offer severance benefits to the impacted employees.