Sonoco Announces Price Increase for Paperboard Tubes and Cores

Highlights - Nine Months Ended March 31, 2021 •GAAP Net Income of $684 million, up 58%; GAAP earnings per share (EPS) of 43.8 cents per share, up 63%; •$55 million Bemis cost synergies year to date; expect approximately $70 million in FY21 and well positioned todeliver at least $180 million by end of fiscal 2022; •Quarterly dividend higher than this quarter last year at 11.75 cents per share; •Approximately 2% of outstanding shares repurchased year to date;

Sonoco is pleased to announce its partnership with the Digital Watermarks Initiative Holy Grail 2.0, an initiative facilitated by AIM, the European Brands Initiative, to prove the viability of digital watermarking for sorting packaging waste and the business case at scale. The Holy Grail 2.0 initiative has the goal of assessing whether digital technology can enable better sorting and higher-quality recycling rates for packaging in the EU. Today, more than 85 partners across the value chain are working together to refine and commercialize this concept.

Sealed Air Corporation announced a three-year partnership with Gastromotiva, a nonprofit organization based in Brazil that uses the power of gastronomy, food, and education to address social inequality, improve nutrition education, fight hunger, eliminate food waste, and create local jobs. Since 2006, Gastromotiva has served more than 500,000 meals, recovered more than 220,000 pounds of food and engaged more than 100,000 people worldwide in nutrition education. Sealed Air’s investment will empower Gastromotiva to achieve food security goals that align across three pillars: *Education: Sealed Air and Gastromotiva will co-create a global education module on sustainable packaging and food waste reduction for students to learn more about innovations that minimize food waste. *Workforce Development: Sealed Air and Gastromotiva will develop a system to connect low-income youth and other vulnerable populations with Gastromotiva partners for job opportunities and career development. *Expansion: Gastromotiva will standardize its educational methodology and develop an integrated educational platform for expansion to strategic locations in Brazil and Mexico, which will ensure vulnerable communities have access to the Gastromotiva network of NGOs and partners working to create a sustainable food system.