Packaging producer Sonoco Products Co., Hartsville, South Carolina, has entered into an agreement to sell its thermoformed and flexibles packaging (TFP) business to Tokyo-based Toppan Holdings Inc.
No-moat-rated Sonoco announced on Dec. 18 that it will sell its thermoformed and flexible packaging, or TFP, business to TOPPAN Holdings for $1.8 billion. This is an expected move by Sonoco as the ...
Sonoco Products makes a wide range of consumer and industrial packaging, from Pringles cans to foam automotive bumpers to toilet paper cores. The company operates over 300 manufacturing facilities ...
Sonoco Products Company has announced an agreement to sell its Thermoformed and Flexibles Packaging business to TOPPAN Holdings Inc. for $1.8 billion. This transaction aligns with Sonoco’s ...
Sonoco to sell Thermoformed & Flexibles Packaging business to TOPPAN for $1.8B, closing in H1 2025. Proceeds to repay debt, aligning with Sonoco's portfolio simplification and focused capital ...
HARTSVILLE, S.C., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), a global leader in high-value sustainable packaging, today announced it has entered ...