Arsenal Capital Partners completed the acquisition of ThermoSafe from Sonoco Products Company for $725m.

Arsenal Capital Partners, a private equity firm that specializes in investments in middle-market specialty industrials and healthcare companies, completed the acquisition of ThermoSafe, a provider of temperature assurance packaging, from Sonoco Products Company, a manufacturer of consumer, industrial, healthcare, and protective packaging, for $725m. The purchase price consists of $650m on a cash-free and debt-free basis payable at closing, and additional consideration of up to $75m if certain performance measures for calendar year 2025 are met. "We are delighted to work alongside the entire ThermoSafe team as they enter this next chapter of growth, staying true to the mission of addressing cold chain challenges that improve lives. Together, we will build on ThermoSafe's strong foundation and reinforce the company's position as a globally trusted strategic supplier of temperature assurance technologies," Matthew Teller, Arsenal Principal.