GlobeNewswire Inc | Feb 1, 2021 06:45AM EST

February 01, 2021

HARTSVILLE, S.C., Feb. 01, 2021 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON) today announced it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning March 1, 2021.

Sonoco cited the continuation of extended order backlogs at its mills along with continuing inflation of input costs, especially freight, as the drivers for this pricing action.

About Sonoco

Founded in 1899, Sonoco (NYSE: SON) is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. With annualized net sales of approximately$5.4 billion, the Company has 23,000 employees working in approximately 300 operations in 36 countries, serving some of the worlds best known brands in some 85 nations. Sonoco is committed to creating sustainable products, services and programs for our customers, employees and communities that support our corporate purpose of Better Packaging. Better Life. The Company ranked first in the Packaging sector on Fortunes Worlds Most Admired Companies for 2020 as well as being included in Barrons 100 Most Sustainable Companies. For more information, visit www.sonoco.com.

Contact:Roger Schrum+843-339-6018roger.schrum@sonoco.com