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Sonoco Announces Price Increase for All Uncoated Recycled Paperboard Products

HARTSVILLE, S.C., Aug. 13, 2015 (GLOBE NEWSWIRE) -- Sonoco (NYSE:SON) today announced that it will raise the price for all grades of uncoated recycled paperboard (URB) products by $45 per ton, effective with shipments in the United States and Canada beginning August 31, 2015.

“The price increase is driven by recent increases in costs for recovered paper, chemicals and other operating costs,” said Palace Stepps, director of sales and marketing for Sonoco’s North America paper business.

Sonoco is one of the largest producers of uncoated recycled paperboard in the United States and Canada, producing more than 1 million tons annually from 11 mills. For more information about Sonoco’s complete line of URB paper products or to learn more about current pricing, please visit the Company’s website or contact the Company at 1-800-377-2692.

About Sonoco
Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging and packaging supply chain services. With annualized net sales of approximately $5.0 billion, the Company has 21,000 employees working in more than 300 facilities in 34 countries, serving many of the world’s best known brands in some 85 nations. Sonoco is a proud member of the 2014/2015 Dow Jones Sustainability World Index. For more information on the Company, visit our website at www.sonoco.com.

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

Source:Sonoco Products Company