Sonoco Completes Sale of ThermoSafe Unit to Arsenal Capital Partners
Sonoco Products Company, a global leader in high-value sustainable packaging, today announced it has completed the sale of its ThermoSafe business unit, one of the leading providers of temperature assurance technologies, to Arsenal Capital Partners, a leading private equity investment firm that specializes in building market-leading industrial growth and healthcare companies, for a total purchase price of up to $725 million. The purchase price consists of $650 million on a cash-free and debt-free basis payable at closing, and additional consideration of up to $75 million (“additional consideration”) if certain performance measures for calendar year 2025 are met. Net proceeds from the transaction will be used to repay existing debt.