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 be used to reduce debt and streamline operations. 3. ThermoSafe generated $240 million in sales and $50 million in EBITDA in 2024. 4. Transaction expected to simplify Sonoco's business structure significantly. 5. Closing is contingent upon regulatory review and expected by end of 2025.