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Sonoco Products Company (SON)
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SON » Topics » DISPOSITIONS

These excerpts taken from the SON 10-K filed Feb 28, 2008.

DISPOSITIONS

In December 2005, the Company divested its single-plant folding cartons business for a note receivable of approximately $11.0 million, which was collected in early 2006. This trans-

 

FORM 10-K  |  SONOCO 2007 ANNUAL REPORT   15

Table of Contents

 

action resulted in a gain of $2.4 million ($1.6 million after tax). The results of this business unit were immaterial to the Company’s consolidated net income for all periods presented.

DISPOSITIONS

FACE="Times New Roman" SIZE="2">In December 2005, the Company divested its single-plant folding cartons business for a note receivable of approximately $11.0 million, which was collected in early 2006. This trans-

 













FORM 10-K  |  SONOCO 2007 ANNUAL REPORT 15





Table of Contents


 


action resulted in a gain of $2.4 million ($1.6 million after tax). The results of this business unit were immaterial to the Company’s consolidated net
income for all periods presented.

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 28, 2008

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