Benzinga | Apr 5, 2021 06:46AM EDT

Sonoco Sells its US Display Business to Hood Container Corporation for $80M 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.