Sonoco Inks Agreement to Sell TFP Business to Focus on Core Business [Yahoo! Finance]
Sonoco Products Company (SON)
Last sonoco products company earnings: 4/16 06:45 am
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Source: Yahoo! Finance
Sonoco Products Company has agreed to sell its Thermoformed and Flexibles Packaging business to TOPPAN Holdings Inc. for approximately $1.8 billion. The sale is part of Sonoco's strategy to focus on its core industrial paper and consumer packaging businesses. The company plans to use the proceeds to repay existing debt. The TFP business accounted for 19% of Sonoco's total revenues in 2023, generating $1.3 billion in revenue. The sale is expected to close in the first half of 2025. Generated by Yahoo Finance AI Yahoo Finance used generative AI to summarize key information from this article. Some details may be inaccurate. We take that seriously. Reporting mistakes helps us improve these summaries. Was this helpful? Yes No Sonoco Products Company SON announced that it has inked a deal with TOPPAN Holdings Inc. to sell its Thermoformed and Flexibles Packaging (“TFP”) business. This move will accelerate Sonoco's portfolio optimization strategy and help it focus on core indust
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News
- TOPPAN Holdings Acquires Sonoco's TFP BusinessPR Newswire
- TOPPAN Holdings Acquires Sonoco's TFP BusinessPR Newswire
- TOPPAN Holdings Acquires Sonoco's TFP Business [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- TOPPAN Holdings Acquires Sonoco's TFP Business [Yahoo! Finance]Yahoo! Finance
- TOPPAN Holdings Acquires Sonoco's TFP Business [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
SON
Earnings
- 10/31/24 - Beat
SON
Sec Filings
- 12/18/24 - Form 8-K
- 12/12/24 - Form 4
- 12/12/24 - Form 4
- SON's page on the SEC website