Sonoco Products Company announced it has signed a definitive agreement to sell its ThermoSafe business unit, a leading provider of temperature-assured packaging, to Arsenal Capital Partners for up to $725 million. This transaction is expected to conclude by the end of 2025.
The proceeds from the sale of ThermoSafe are earmarked for further debt reduction, aligning with Sonoco's strategic financial objectives. This divestiture represents the final step in the company's comprehensive portfolio transformation.
This sale completes Sonoco's strategic pivot to become a global leader focused exclusively on high-value, sustainable metal and fiber packaging. The move is expected to simplify operations, enhance capital efficiency, and strengthen the company's balance sheet.
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