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SONOCO PRODUCTS (SON)

Earnings summaries and quarterly performance for SONOCO PRODUCTS.

Recent press releases and 8-K filings for SON.

Sonoco Consolidates Consumer Packaging Businesses
SON
Management Change
New Projects/Investments
  • Sonoco Products Company is consolidating its Metal Packaging and Rigid Paper Containers businesses into a single Consumer Packaging segment, structured geographically into EMEA/APAC and the Americas.
  • This new structure aims to create a simpler and more efficient operating model, promote substrate agnosticism, and is expected to lead to innovation, collaboration, and growth opportunities.
  • Seán Cairns has been named President, Consumer Packaging, EMEA/APAC, and Ernest Haynes has been named President, Consumer Packaging, Americas.
  • The transition for the Consumer Packaging segment is expected to conclude in the first quarter of 2026.
Nov 10, 2025, 1:00 PM
Sonoco completes sale of ThermoSafe unit
SON
M&A
  • Sonoco Products Company (SON) completed the sale of its ThermoSafe business unit to Arsenal Capital Partners on November 3, 2025.
  • The transaction involved a total purchase price of up to $725 million, consisting of $650 million paid at closing and up to $75 million in additional consideration contingent on 2025 performance measures.
  • Net proceeds from the sale will be used to repay existing debt, which is projected to reduce Sonoco's net leverage ratio to approximately 3.4x.
  • This divestiture substantially concludes Sonoco's portfolio transformation, focusing the company on its two core global business segments: metal and paper consumer and industrial packaging.
Nov 3, 2025, 10:20 PM
Sonoco Products Company Completes Sale of Packaging Business
SON
M&A
  • Sonoco Products Company completed the sale of its Thermoformed and Flexible Packaging business to TOPPAN Holdings Inc. in April 2025.
  • The company is recognized as a worldwide leader in high-value sustainable packaging and is listed among the top players in the leak-proof flexible packaging market.
Oct 9, 2025, 2:06 PM