Arsenal Capital to acquire ThermoSafe business unit from Sonoco for $725m.

Arsenal Capital, a private equity investment firm, agreed to acquire ThermoSafe business unit, a provider of temperature-assured packaging, from Sonoco for $725m. “With the planned sale of ThermoSafe, we are completing the next step in Sonoco’s portfolio transformation, which has resulted in significantly streamlining our operations from a large portfolio of diversified businesses into two core global business segments. This simplified structure features incredibly robust businesses with industry leadership and sustainable futures serving large global customers,” Howard Coker, Sonoco President and CEO.