Sonoco Completes Sale of ThermoSafe Unit to Arsenal Capital Partners

Sonoco has completed the sale of its ThermoSafe packaging business to Arsenal Capital Partners, a private equity firm focused on specialty industrial sectors. ThermoSafe, known for its advanced temperature-assured packaging solutions, will continue serving pharmaceutical, life sciences, and other temperature-sensitive markets under new ownership. The divestiture aligns with Sonoco’s strategic focus on its core diversified packaging solutions, including consumer packaging, industrial paper packaging, and protective packaging. Sonoco intends to use proceeds from the sale to strengthen its balance sheet and invest in growth areas. The transaction enhances Arsenal Capital's portfolio in the specialty packaging sector, supporting ThermoSafe's growth and innovation roadmap in critical cold-chain logistics and sustainable packaging technologies.