Sonoco Divests U.S. Display Business to Hood Container Corporation
Sonoco announced it has closed on the sale of its Display and Packaging business in the United States to Hood Container Corporation for $80 million in cash. Sonoco’s U.S. Display and Packaging business produced net sales of approximately $135 million in 2020 and provides point-of-purchase display design, manufacturing and fulfillment as well as contract packaging services for consumer product customers with more than 250 brands. Based in Winston-Salem, N.C., the Display and Packaging business operates eight manufacturing and fulfillment facilities along with four sales and design centers and has approximately 450 employees.