Sustainable packaging solutions provider Sonoco Products Company has agreed to divest its ThermoSafe business unit to private equity company Arsenal Capital Partners for up to $725m. The deal includes a base purchase price of$650m, with an additional $75m contingent on ThermoSafe's performance in 2025. The transaction is expected to conclude by the end of 2025. The divestment will complete Sonoco's transition to a "global metal and fibre packaging leader". Sonoco president and CEO Howard Coker stated: ...