Sonoco to Sell ThermoSafe Business to Arsenal Capital Partners for Up to $725 Million

Core Viewpoint - Sonoco Products has agreed to sell its ThermoSafe temperature-assured packaging business to private-equity firm Arsenal Capital Partners for a total consideration of up to $725 million [1] Company Summary - The transaction involves the sale of Sonoco's ThermoSafe business, which specializes in temperature-sensitive packaging solutions [1] - The deal is valued at up to $725 million, indicating a significant financial move for Sonoco Products [1] Industry Summary - The acquisition by Arsenal Capital Partners highlights ongoing interest in the temperature-assured packaging sector, which is critical for industries such as pharmaceuticals and food [1]