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Sonoco Products Co – ‘8-K’ for 12/31/19

On:  Thursday, 1/2/20, at 11:54am ET   ·   For:  12/31/19   ·   Accession #:  91767-20-3   ·   File #:  1-11261

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  As Of               Filer                 Filing    For·On·As Docs:Size

 1/02/20  Sonoco Products Co                8-K:2,9    12/31/19   13:214K

Current Report   —   Form 8-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     34K 
 2: EX-99       Miscellaneous Exhibit                               HTML     13K 
11: R1          Cover Page                                          HTML     47K 
 9: XML         IDEA XML File -- Filing Summary                      XML     12K 
10: XML         XBRL Instance -- son-20191231_htm                    XML     21K 
13: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 4: EX-101.CAL  XBRL Calculations -- son-20191231_cal                XML      7K 
 5: EX-101.DEF  XBRL Definitions -- son-20191231_def                 XML      9K 
 6: EX-101.LAB  XBRL Labels -- son-20191231_lab                      XML     67K 
 7: EX-101.PRE  XBRL Presentations -- son-20191231_pre               XML     33K 
 3: EX-101.SCH  XBRL Schema -- son-20191231                          XSD     12K 
12: JSON        XBRL Instance as JSON Data -- MetaLinks               12±    18K 
 8: ZIP         XBRL Zipped Folder -- 0000091767-20-000003-xbrl      Zip     16K 


‘8-K’   —   Current Report


This is an HTML Document rendered as filed.  [ Alternative Formats ]



 iX:   C:  C: 
  son-20191231  
 i 0000091767 i false00000917672019-12-312019-12-31

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM  i 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):  i December 31, 2019
 
 i SONOCO PRODUCTS COMPANY
 Commission File No.  i 001-11261
 
Incorporated under the lawsI.R.S. Employer Identification
of  i South Carolina
No.  i 57-0248420
 i 1 N. Second St.
 i Hartsville,  i South Carolina  i 29550
Telephone:  i 843/ i 383-7000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 i Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 i Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 i Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 i Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbol(s)Name of each exchange on which registered
 i No par value common stock i SON i New York Stock Exchange, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  i 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards pursuant to Section 13(a) of the Exchange Act.





Section 2 - Financial Information
Item 2.01 Completion of Acquisition or Disposition of Assets.

On December 31, 2019, Sonoco Products Company (the "Company"), completed the acquisition of Thermoform
Engineered Quality, LLC, and Plastique Holdings, LTD, (together "TEQ"), from ESCO Technologies, Inc,
subject to the terms and conditions of the Equity Purchase Agreement dated November 15, 2019 and filed in the
Company's Form 8-K on November 19, 2019, for net cash of approximately $187 million. The Company funded
the transaction using short-term credit facilities. As is typical, final consideration will be subject to a post-closing adjustment for the change in net working capital to the date of closing.

The operations acquired consist of three thermoforming and extrusion facilities in the United States along with a
thermoforming operation in the United Kingdom and thermoforming and molded-fiber manufacturing in Poland,
which together employ approximately 500 associates. These facilities are capable of producing sterile, barrier
packaging systems for pharmaceuticals and medical devices and recyclable molded pulp fiber packaging and
thermoformed plastic packaging for multiple consumer products. The acquisition of TEQ provides a strong
platform to further expand Sonoco's growing healthcare packaging business. TEQ's financial results will be
reported within the Company's Consumer Packaging segment.

Financial statements of TEQ and pro forma information are not included in this Form 8-K as the criteria
under Rule 3-05(b) and Article 11, respectively, of Regulation S-X were not met.

A copy of the news release issued by Sonoco announcing the completion of this acquisition is being filed as
Exhibit 99 to this Current Report on Form 8-K and is incorporated by reference herein. For additional
information regarding TEQ, reference is made to the Company's Form 8-K filed on November 19, 2019.


Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Index
99
101.INSXBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document
101.SCHInline XBRL Taxonomy Extension Schema Document
101.CALInline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEFInline XBRL Taxonomy Extension Definition Linkbase Document
101.LABInline XBRL Taxonomy Extension Label Linkbase Document
101.PREInline XBRL Taxonomy Extension Presentation Linkbase Document
Exhibit 104Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)






SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
SONOCO PRODUCTS COMPANY
Date: January 2, 2020By:/s/ Julie C. Albrecht
Julie C. Albrecht
Vice President and Chief Financial Officer


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed on:1/2/204
For Period end:12/31/1910-K,  11-K,  SD
11/19/198-K
11/15/198-K
 List all Filings 
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Filing Submission 0000091767-20-000003   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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