VENTURE PARTNERS

RTS Packaging is now a part of Sonoco Products Company. RTS was originally formed in 1997 as a joint venture that combined the former protective packaging operations of Rock Tenn Company and Sonoco Products Company and has been a tremendous success over the past 25 years. On September 8, 2023, Sonoco Products Company (NYSE: SON) (“Sonoco” or the “Company”), a diversified global packaging leader, today announced the completion of its acquisition of the remaining equity interest in RTS Packaging, LLC (“RTS”) from joint venture partner WestRock (NYSE: WRK) and one WestRock paper mill in Chattanooga, Tennessee. The acquisition will further strengthen and expand Sonoco’s 100% recycled fiber-based packaging solutions to serve growing consumer wine, spirits, food, beauty, and healthcare markets. Prior to closing the transaction, Sonoco was a 35% owner in the joint venture with WestRock.

Sonoco Products Company (NYSE: SON) is a global provider of consumer, industrial, healthcare, and protective packaging. The Company has 23,000 employees working in more than 310 operations around the world, serving some of the world’s best-known brands. Now fully acquired by Sonoco, we are joining a business that is a fully integrated producer, offering a continuous supply of solid fiber and specialty paperboard products for partition and pad inner packaging applications. Additionally, Sonoco produces many complimentary products for our customers that are now within our portfolio. This marks an exciting milestone for our business. Together, we will continue to deliver innovative, sustainable packaging solutions. By combining our capabilities and expertise, we are better positioned to anticipate and respond to your evolving needs—both now and in the future. This will allow us to build a more sustainable consumer packaging portfolio while strengthening and expanding our partnerships.