Quotes Life Assurance

ARLINGTON HEIGHTS, Ill., Jan 27, 2012 (BUSINESS WIRE) –
ThermoSafe Brands, a business unit of Sonoco


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-0.10%



, announced a
price increase of 4 -7 percent across most of its product portfolio,
effective March 5, 2012. This price increase will affect all expanded
polystyrene (EPS) and polyurethane (PUR), including custom and cataloged
shipper solutions and components globally.

The price increase is necessary to cover rising costs in raw materials,
labor, energy and transportation. “At ThermoSafe, we continually invest
in our operations, technology, people and infrastructure to ensure we
offer industry leading solutions, products and services at competitive
prices,” stated Mary Kate Phillips, director of North American Sales.
“Despite our efforts to offset cost increases through Lean initiatives,
we reached a point where we must raise prices to offset the ongoing
inflation in our costs.”

ThermoSafe’s customers will be contacted individually regarding the
specifics of the price increases.

“ThermoSafe continues to offer highly innovative solutions using
state-of-the-art technologies and equipment to take care of our
customers in their mission-critical shipments of pharmaceuticals,
clinical trials samples, blood, investigational drugs, food or chemicals
that are temperature sensitive. We continually strive to provide our
customers with the best value at the best possible prices,” said Prakash
Mahesh, vice president of Marketing and Business Development.

ThermoSafe Brands is the largest manufacturer of temperature-assurance
packaging and the leading provider of thermal testing solutions for life
sciences customers.

For more information about ThermoSafe Brands’ complete line of products,
please visit the Company’s website at
www.thermosafe.com
or contact our customer service at (800) 505-1886.

About Sonoco

Founded in 1899, Sonoco is a global provider of a variety of consumer
packaging, industrial products, protective packaging and packaging
supply chain services. With annualized net sales of approximately $5
billion, the Company has more than 19,000 employees working in 340
operations in 34 countries, serving some of the world’s best known
brands in some 85 nations. Sonoco is a proud member of the 2011/2012 Dow
Jones Sustainability World Index. For more information on the Company,
visit our website at
www.sonoco.com .

SOURCE: Sonoco

        Sonoco
        Robin Montgomery, 843-383-7509
        robin.montgomery@sonoco.com 

www.sonoco.com            

Copyright Business Wire 2012

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