Sonoco struggles in Q2 but grows in protective packaging
date:Jul 21, 2012
$142m compared with $26m in Q2 2011 and $138m in Q1 2012 due to the Q4 2011 acquisition of protective packaging firm Tegrant.

Sonoco said it reflects higher volume and improved margins driven by operating efficiencies and integration synergies.

Operating profit for the second quarter was $11.7m, compared with $3.4m in the second quarter of 2011 and $7m in the Q1 2012.

Harris E. DeLoach Jr., Sonoco chairman and chief executive officer, said: Operating profits in our new Protective Packaging s
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