Sonoco to Invest $20 Million in New Atlanta-area Packaging Center

Specifications:

Name:

Sonoco to Invest $20 Million in New Atlanta-area Packaging Center

Location:

Atlanta

Company:

Sonoco

Estimated Cost:

$20 Million

Source:

investor.sonoco.com

Introduction:

Sonoco, one of the largest global diversified packaging companies, announced investment of $20 million in the development of a new packaging center to support Duracell’s new North America battery packaging operation.

Features:

Sonoco’s Display and Packaging unit will be located in Duracell’s new leased facility in the Atlanta area. Sonoco will install and operate state-of-the-art primary packaging equipment at the new center and provide all packaging materials. In addition, the Company will produce retail merchandising displays which will also be packed out at the same facility.

Full production is expected in the fourth quarter of 2018. Sales of packaging and services annualized over the five-year contract period are expected to be more than $50 million.

This unprecedented go-to-market packaging solution for Duracell is unlike any effort provided in our industry, said Jack Sanders, Sonoco president and chief executive officer. Because Sonoco is a solutions company which offers multiple packaging products and services, we are able to meet all of Duracell’s unique packaging and retail merchandising needs.