Sustainable packaging solutions provider Sonoco Products Company has completed the divestment of its ThermoSafe business unit to Arsenal Capital Partners for $725m. The deal was first announced in September this year. The transaction comprises $650m paid at closing on a cash-free, debt-free basis, with a further payment of up to $75m contingent on meeting specified performance targets for calendar year 2025. Sonoco said net proceeds will be applied towards repaying existing borrowings. Pro forma for th ...

HARTSVILLE, S.C., Nov. 03, 2025 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), a global leader in high-value sustainable packaging, today announced it has completed the sale of its ThermoSafe business unit (“ThermoSafe”), one of the leading providers of temperature assurance technologies, to Arsenal Capital Partners (“Arsenal”), a leading private equity investment firm that specializes in building market-leading industrial growth and healthcare companies, for a total pu ...