Sonoco Products ($SON) will sell its ThermoSafe temperature-assured packaging division to Arsenal Capital Partners for up to $725 million. The deal includes $650M at closing and up to $75M in performance-based payments. ThermoSafe specializes in temperature-controlled packaging for pharmaceuticals and generated over $240M in sales in 2024. Sonoco reported $3.62B in sales for the first half of 2025. Arsenal Capital Partners focuses on industrial and healthcare investments and has raised over $10B since 2000. Sonoco plans to use proceeds to reduce debt and refocus on core packaging operations.

Read more at Quiver Quantitative: Sonoco to Sell ThermoSafe Unit to Arsenal Capital Partners for Up to $725M