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News  ›  GlobeNewswire Inc.

Sonoco Completes Sale of ThermoSafe Unit to Arsenal Capital Partners

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Roger Schrum
Sonoco Completes Sale of ThermoSafe Unit to Arsenal Capital Partners

Sonoco Products Company has sold its ThermoSafe business unit to Arsenal Capital Partners for up to $725 million, concluding its portfolio transformation strategy and focusing on metal and paper packaging segments.

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The sale represents a strategic portfolio simplification, reducing debt and focusing on core business segments