HARTSVILLE, SC, November 08, 2021 (GLOBE NEWSWIRE) – Sonoco (NYSE: SON), one of the world’s largest diversified packaging companies, today announced that it has acquired the assets of D&W Paper Tubes, Inc. , a Chatsworth, GA company manufacturer of durable industrial paper tubes and cores.
Founded in 2000, D&W is a family business that produces 100% recycled cardboard convoluted tubes, spiral wound cores and wire tubes primarily for the carpet and textile industry from its plant operations in Chatsworth. The company expects to achieve around $ 18 million in revenue in 2021.
âD&W complements our industrial paper packaging segment and further strengthens our position in the carpet and textiles market in northeast Georgia. In addition to acquiring an attractive business portfolio, we expect to generate significant business synergies from our integrated industrial products operations in the South East, âsaid Howard Coker, President and CEO of Sonoco.
Founded in 1899, Sonoco (NYSE: SON) is a global supplier of consumer, industrial, healthcare and protective packaging. With annualized net sales of approximately $ 5.2 billion, the company has approximately 19,000 employees working in more than 300 operations in 34 countries, serving some of the world’s best-known brands in some 85 countries. Sonoco is committed to creating sustainable products, services and programs for our customers, employees and communities that support our corporate goal of Better packaging. Better life. The company was named one of Fortune’s World’s Most Admired Companies for 2021 as well as Barron’s 100 Most Sustainable Companies for the third year in a row. For more information visit www.sonoco.com.