Sonoco Products Company has completed the sale of its ThermoSafe business unit to Arsenal Capital Partners for a total purchase price of up to $725 million. The transaction includes $650 million paid at closing on a cash-free and debt-free basis, with the potential for up to $75 million in additional consideration if certain 2025 performance targets are met. Proceeds from the sale are expected to be used to repay existing debt and are projected to reduce Sonoco's net leverage ratio to approximately 3.4x. Sonoco's President and CEO, Howard Coker, stated that this sale substantially concludes the company's portfolio transformation, focusing operations on two core global business segments in metal and paper packaging.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sonoco Products Co. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9567349-en) on November 03, 2025, and is solely responsible for the information contained therein.