Sonoco to sell ThermoSafe unit to Arsenal for $725M

Sonoco to sell ThermoSafe unit to Arsenal for $725M

Sonoco Products Company (NYSE: SON), a global leader in packaging solutions, has announced the sale of its ThermoSafe business unit to Arsenal Capital Partners for up to $725 million. The deal includes an upfront payment of $650 million and potential additional consideration of $75 million based on 2025 performance metrics. The transaction is expected to close by the end of 2025.

ThermoSafe, a leading provider of temperature-controlled packaging solutions, generated $240 million in sales and approximately $50 million in proforma adjusted EBITDA in 2024. The business employs around 900 associates globally and specializes in pharmaceutical, biologics, and vaccine packaging solutions. The sale is part of Sonoco's strategic effort to streamline its operations into two core global business segments and reduce its debt.

The sale of ThermoSafe aligns with Sonoco's focus on divesting non-core assets to enhance its financial position and operational efficiency. The company aims to use the net proceeds from the sale to reduce debt and lower its projected net leverage ratio.

The announcement comes after Sonoco reported strong Q2 2025 financial results, with net sales growing 49.4% to $1.9 billion and GAAP net income of $493 million ($4.96 per share) [1].

References:

[1] https://www.stocktitan.net/news/SON/