Bulletin: Sonoco Products Co.'s Agreement To Sell ThermoSafe For Up To $725 Million Is In Line With Operating Strategy - S&P Global Ratings’ Credit Research

Bulletin: Sonoco Products Co.'s Agreement To Sell ThermoSafe For Up To $725 Million Is In Line With Operating Strategy

Bulletin: Sonoco Products Co.'s Agreement To Sell ThermoSafe For Up To $725 Million Is In Line With Operating Strategy - S&P Global Ratings’ Credit Research
Bulletin: Sonoco Products Co.'s Agreement To Sell ThermoSafe For Up To $725 Million Is In Line With Operating Strategy
Published Sep 09, 2025
2 pages (1122 words) — Published Sep 09, 2025
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Abstract:

This report does not constitute a rating action. SAN FRANCISCO (S&P Global Ratings) Sept. 8, 2025—S&P Global Ratings today said Sonoco Products Co.'s (BBB-/Stable/A-3) announcement that it has reached an agreement to sell its ThermoSafe business to Arsenal Capital Partners for up to $725 million will not affect the ratings. The sale price includes proceeds of $650 million and an additional consideration of $75 million if it meets certain 2025 performance measures. The sale is consistent with previous intentions made public by the company and will complete the last material shift in its portfolio transformation initiatives. ThermoSafe provides temperature-controlled packaging solutions used in the pharmaceutical and health care industries in the transportation of temperature sensitive products. Per the company, it

  
Brief Excerpt:

...September 9, 2025 This report does not constitute a rating action. SAN FRANCISCO (S&P Global Ratings) Sept. 8, 2025--S&P Global Ratings today said Sonoco Products Co.'s (###-/Stable/A-3) announcement that it has reached an agreement to sell its ThermoSafe business to Arsenal Capital Partners for up to $725 million will not affect the ratings. The sale price includes proceeds of $650 million and an additional consideration of $75 million if it meets certain 2025 performance measures. The sale is consistent with previous intentions made public by the company and will complete the last material shift in its portfolio transformation initiatives. ThermoSafe provides temperature-controlled packaging solutions used in the pharmaceutical and health care industries in the transportation of temperature sensitive products. Per the company, it generated over $240 million of revenues and $50 million of pro forma adjusted EBITDA in 2024. As Sonoco has moved toward a more simplified operating structure...

  
Report Type:

Bulletin

Ticker
SON
Issuer
Sonoco Products Co.
GICS
Paper Packaging (15103020)
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Sonoco Products Co.'s Agreement To Sell ThermoSafe For Up To $725 Million Is In Line With Operating Strategy" Sep 09, 2025. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Sonoco-Products-Co-s-Agreement-To-Sell-ThermoSafe-For-Up-To-725-Million-Is-In-Line-With-Operating-Strategy-3437884>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Sonoco Products Co.'s Agreement To Sell ThermoSafe For Up To $725 Million Is In Line With Operating Strategy Sep 09, 2025. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Sonoco-Products-Co-s-Agreement-To-Sell-ThermoSafe-For-Up-To-725-Million-Is-In-Line-With-Operating-Strategy-3437884>
  
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