US EditionSonoco Completes Sale of ThermoSafe Unit to Arsenal Capital Partners
Sonoco will use up to $725 million from ThermoSafe sale to reduce debt and focus on core packaging segments, aiming for a net leverage ratio near 3.4x, company said.
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Sonoco concludes $725m divestment of ThermoSafe unit
Sustainable packaging solutions provider Sonoco Products Company has completed the divestment of its ThermoSafe business unit to Arsenal Capital Partners for $725m. The deal was first announced in September this year. The transaction comprises $650m paid at closing on a cash-free, debt-free basis,…
Arsenal Capital Partners Acquires ThermoSafe
Arsenal Capital Partners, a leading private equity investment firm that specializes in building market-leading industrial growth and healthcare companies, today announced it has completed the acquisition of ThermoSafe from Sonoco Products Company (NYSE: SON). Based in Arlington Heights, Illinois, ThermoSafe is a global leader in temperature assurance technologies that ensure the safe and efficient transport of pharmaceuticals, biologics, vaccine…
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