Huhtamaki appoints Wilhelm Wolff as Executive Vice President, Strategy and Business Development

Fourth-Quarter and Full-Year Highlights •Fourth-quarter 2021 net sales were $1.44 billion, up from $1.38 billion in 2020. Full-year 2021 net sales were $5.59 billion, compared to $5.24 billion in 2020. •Fourth-quarter 2021 GAAP earnings per diluted share was $0.66, compared with a GAAP loss per diluted share of $(0.12) in 2020. The full-year 2021 GAAP loss per diluted share was $(0.86), compared to GAAP earnings per diluted share of $2.05 in 2020. The full-year 2021 GAAP loss was driven by $410.4 million after-tax pension settlement charges mostly related to the Company's settlement of its U.S. Inactive Plan in the second quarter. •Full-year cash flow from operations was $298.7 million in 2021, compared with $705.6 million in 2020. Free cash flow in 2021 was $55.8 million, compared with $524.5 million in 2020. •On January 26, 2022, Sonoco completed the acquisition of Ball Metalpack, a leading manufacturer of sustainable steel tinplate packaging for food and household products and the largest aerosol can producer in North America, for $1.35 billion in cash subject to customary adjustments, including for working capital, cash, and indebtedness.

Sonoco ThermoSafe and Cathay Pacific Cargo announced an expanded global partnership agreement for the leasing of the new Pegasus ULD® temperature controlled bulk shipping container. The agreement enables pharmaceutical freight forwarders to lease Pegasus ULD® containers directly from Cathay Pacific Cargo. Sonoco ThermoSafe’s Pegasus ULD® is the world’s first FAA and EASA-approved passive bulk temperature-controlled ULD container for pharmaceutical use, which enables it to speed through international air freight handling and customs processes at the lowest possible cost. With a focus on sustainability, the Pegasus is engineered with composite materials, offering a lighter solution that is also substantially more damage-resistant than traditional metal containers. Additionally, the Pegasus ULD® contains a fully integrated, FAA-approved telemetry system, providing real-time, cloud-based data on payload and ambient temperature and key environmental factors, precisely synchronized with GPS location.

Miraclon, home of KODAK FLEXCEL Solutions, has announced its plans to open a third Flexo HUB as it continues to invest in the development and growth of the flexographic industry. Based in Oakdale, Minnesota, the new Flexo HUB will allow customers, partners and industry stakeholders based in North and South America local access to KODAK FLEXCEL NX Technology demonstrations, training and networking events. “With our hubs positioned across the globe – one representing the Asia region in Shanghai, China, and the other co-located in Europe with Miraclon’s corporate headquarters in Brussels, Belgium – Miraclon is well positioned to collaborate with customers, partners and stakeholders in the flexo industry from a truly global, yet local perspective”, says Grant Blewett, Miraclon Chief Commercial Officer. Miraclon appointed Charles Schoen as Flexo HUB Manager, Americas to oversee the HUB construction and with responsibility for all Flexo HUB technology demonstrations and training activities. He brings over 30 years of flexo platemaking and managerial experience to the role.