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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