Sonoco consolidates consumer packaging businesses under two geographies

Sonoco (SON) Products announced it is consolidating its Metal Packaging and Rigid Paper Containers businesses under one structure based on two geographies – Consumer Packaging EMEA/APAC and the Americas. “Our Consumer Packaging segment will be one can business representing steel, aluminum and paper cans, closures and components,” said Howard Coker, President and Chief Executive Officer. “This new structure will create a much simpler and more efficient operating model that will also allow our teams to be agnostic about the substrates we offer to our customers. I truly believe this integrated structure – driven geographically – will lead to further innovation, collaboration and growth opportunities.”