Sonoco reported that it has completed a multi-year portfolio transformation, reducing its operating structure to two core segments: Consumer Packaging and Industrial Paper Packaging. The annual report highlighted the December 2024 acquisition of Eviosys to expand metal packaging operations in EMEA, and said revenue from continuing operations rose 42% versus 2024. Sonoco also reported the divestiture of its Thermoformed and Flexibles Packaging and Trident businesses to Toppan for about USD 1.8 billion, and the sale of ThermoSafe to Arsenal Capital Partners for about USD 0.66 billion. The company said proceeds from divestitures were used to reduce net debt by about USD 2.7 billion.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sonoco Products Co. published the original content used to generate this news brief on March 16, 2026, and is solely responsible for the information contained therein.
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