Sonoco to Sell Temperature-Assured Packaging Business to Arsenal Capital Partners
1. Sonoco sells ThermoSafe for up to $725 million to Arsenal Capital Partners. 2. Proceeds will significantly reduce Sonoco’s debt leverage to approximately 3.5x. 3. ThermoSafe generated over $240 million in sales in 2024. 4. New structure focuses on sustainable growth in core business segments. 5. Third quarter financial results will be revealed on October 22, 2025.