Sonoco plans to announce new Matrix plant

Mon Sep 10, 2007 2:04pm EDT

NEW YORK, Sept 10 (Reuters) - Packaging products maker Sonoco Products Co (SON.N), which recently acquired Matrix Packaging, expects to grow the Matrix business and plans to announce a new Matrix plant soon, Harris DeLoach, chief executive of Sonoco, said on Monday.

"I would expect, in the late third quarter of this year or early fourth quarter, we will announce a new Matrix plant," said DeLoach, in an interview with Reuters.

In May, Sonoco agreed to buy Matrix Packaging, a maker of rigid plastic containers, for about $210 million. Matrix currently has six manufacturing locations located in the United States and Canada.

(Reporting by Euan Rocha)

((Editing by Gerald E. McCormick; euan.rocha@reuters.com; 1 646 223 6026)) Keywords: SONOCO INTERVIEW/

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