Sonoco to Reduce Debt and Boost Portfolio With ThermoSafe Divestment
Sonoco(US:SON) ZACKS·2025-09-09 15:01Key Takeaways Sonoco will sell its ThermoSafe unit to Arsenal Capital Partners for up to $725 million.The divestment supports Sonoco's portfolio transformation and debt reduction strategy.Post-deal, SON expects its net leverage ratio to fall to about 3.5x.Sonoco Products Company (SON) announced that it has inked a definitive agreement with Arsenal Capital Partners to sell the ThermoSafe business unit. This move is in sync with SON’s portfolio transformation and debt reduction efforts.Sonoco’s Strategic Move ...