Sonoco Initiates Review of TFP Business to Simplify Portfolio

Sonoco Products Company (SON) announced that it commenced a strategic review of its Thermoformed & Flexible Packaging ("TFP") business. This move is in sync with SON's ongoing strategy to streamline its portfolio and focus on fewer bigger and core businesses to generate improved returns and lower debt levels. Overview of Sonoco's TFP Business The TFP business is part of Sonoco's Consumer Packaging segment. The segment's products consist of rigid packaging (paper, metal and plastic) and flexible packaging. I ...