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Acquisitions and divestitures (Tables)

12 Months Ended

Dec. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Preliminary Fair Value Of Assets Acquired And Measurement Period Adjustments

The Company’s preliminary fair values of the assets acquired and liabilities assumed in the acquisition of Eviosys, are as follows:

															Preliminary Allocation
Trade accounts receivable															$	300,385
Other receivables															114,634
Inventories															445,945
Prepaid expenses															47,509
Property, plant and equipment															1,057,779
Right of use asset - operating leases															43,566
Other intangible assets															1,967,678
Goodwill															1,285,518
Long-term deferred income taxes															39,023
Other assets															3,330
Payable to suppliers															(518,766)
Accrued expenses and other															(168,529)
Accrued wages and other compensation															(41,749)
Notes payable and current portion of long-term debt															(76,438)
Noncurrent operating lease liabilities															(32,022)
Pension and other postretirement benefits															(51,849)
Deferred income taxes															(599,941)
Other long-term liabilities															(16,714)
Noncontrolling Interests															(9,533)
Net assets acquired															$	3,789,826

As a result, final fair values reflecting adjustments made during the measurement period are as follows:

			Initial Allocation						Measurement Period Adjustments						Final Allocation
Trade accounts receivable			$	17,488					$	—					$	17,488
Inventories			20,209						(947)						19,262
Prepaid expenses			2,720						(589)						2,131
Property, plant and equipment			73,483						753						74,236
Right of use asset - operating leases			34,604						290						34,894
Other intangible assets			199,560						(8,995)						190,565
Goodwill			92,657						14,909						107,566
Other assets			2,465						(412)						2,053
Payable to suppliers			(7,320)						—						(7,320)
Accrued expenses and other			(12,436)						(25)						(12,461)
Accrued wages and other compensation			(2,731)						—						(2,731)
Notes payable and current portion of long-term debt			(24)						—						(24)
Noncurrent operating lease liabilities			(29,905)						—						(29,905)
Pension and other postretirement benefits			(10,761)						(768)						(11,529)
Long-term debt			(1,942)						—						(1,942)
Deferred income taxes			(3,419)						(2,502)						(5,921)
Other long-term liabilities			(3,293)						1,478						(1,815)
Net assets acquired			$	371,355					$	3,192					$	374,547

Schedule Of Proforma Supplemental Information

The following table presents the financial results for Eviosys from December 4, 2024, the date of acquisition, through December 31, 2024:

Supplemental Information						December 4 to
Eviosys						December 31, 2024
Net sales						$	115,031
Net loss						$	15,086

The following table presents the Company’s pro forma consolidated results for the years ended December 31, 2024 and December 31, 2023, assuming the acquisition of Eviosys had occurred on January 1, 2023. This pro forma information is presented for informational purposes only and does not purport to represent the results of operations that would have been achieved if the acquisition had been completed at the beginning of 2023, nor is it necessarily indicative of future consolidated results.

Pro Forma Supplemental Information									Years Ended
Consolidated												December 31, 2024			December 31, 2023
Net sales												$	7,546,920		$	8,032,135
Net income from continuing operations												$	159,926		$	112,963
Net income attributable to Sonoco1												$	255,800		$	208,436

1 Includes results of discontinued operations

The following table presents the financial results for Metal Packaging from the date of acquisition through December 31, 2022:

Supplemental Information						January 26 to
Metal Packaging						December 31, 2022
Net sales						$	1,035,020
Net income						$	62,777

The following table presents the Company’s pro forma consolidated results for the year ended December 31, 2022, assuming the acquisition of Metal Packaging had occurred on January 1, 2021. This pro forma information is presented for informational purposes only and does not purport to represent the results of operations that would have been achieved if the acquisition had been completed at the beginning of 2021, nor is it necessarily indicative of future consolidated results.

Pro Forma Supplemental Information			Year Ended
Consolidated			December 31, 2022
Net sales			$	5,908,915
Net income from continuing operations			$	440,791
Net income attributable to Sonoco1			$	528,818

1 Includes results of discontinued operations

Summary of the Purchase Consideration Transferred for the Acquisitions

The following table provides a summary of the purchase consideration (as defined under ASC 805) transferred for the acquisition of the remaining interest in RTS Packaging and the acquisition of the Chattanooga Mill:

			Purchase Consideration
Cash consideration, net of cash acquired			$	313,388
Fair value of previously held interest in RTS Packaging			59,472
Final working capital settlement			452
Settlement of preexisting relationships			1,235
Purchase consideration transferred			$	374,547

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Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

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-Section 50
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Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

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