Sonoco to raise prices in its Protective Solutions business, citing rising costs

|About: Sonoco Products Co. (SON)|By:, SA News Editor

Sonoco Products (NYSE:SON) says it will raise prices on foam packaging and refrigeration products in the U.S. and Mexico, starting on or before Nov. 10, by 6%-10% based on the specific substrate.

"We continue to see inflation in our input costs related to EPS, EPP, PUR, corrugate, freight, flexible films and labor," says Sonoco Protective Solutions VP Russell Grissett.

"Our supply management team continues to leverage our global reach; however, overall tightness in supply continues to drive up prices," Grissett says.

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