Sonoco Products CompanySON recently launched the ClearGuard packaging, which comes with a transparent look and can be used as a substitute to aluminum foil or metalized films. It will also offer several additional benefits to various brands and consumers in the packaging space.
In addition, ClearGuard protects the freshness and quality of products as it has exceptionally low oxygen and water vapor transmission rates. This protects the food inside as well as preserves its shelf life. Further, the packaging can be used for a variety of growing product categories, like meat snacks, nuts, trail mixes, snack and nutrition bars, cookies and crackers.
ClearGuard packaging also comes with outstanding printing and laminating features, including matte and glossy finish options, superior flex crack resistance and durability. The packaging is also ideal for many pet food offerings, such as baked, dehydrated, freeze dried, and moist food and treats.
Sonoco Products Company Price
Thus, this portfolio of flexible packaging offers transparency to consumers while providing best-in-class barrier properties for product protection. Sonoco will exhibit the samples at the Global Petfood Forum in Kansas City, which will be held from Apr 3-5, at Booth #13.
Sonoco remains focused on gaining market share by rolling out commercial products and securing new customer awards. The company also continues to look for options to enhance its portfolio and pursue alternatives to address the dismal performance in corrugating medium operations, while continuing to improve the cost structure.
Over the past two years, Sonoco outperformed the Zacks categorized Containers-Paper/Plastic industry. The company's shares gained around 14.9% during this period compared with roughly 6.7% growth recorded by the industry.
Sonoco currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the same space include Brady Corp. BRC , Casella Waste Systems, Inc. CWST and Deere & Company DE . All the three stocks boast a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Brady Corporation has a positive average earnings surprise of 20.84% for the last four quarters. Casella Waste generated a remarkable positive average earnings surprise of 165.21% over the trailing four quarters. Deere & Company has delivered an average positive earnings surprise of 60.50% in the past four quarters.
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