SONOCO PRODUCTS COMPANY (SON) 8-K Summary
Material Event: Completion of the sale of the ThermoSafe business to Arctic US Bidco, Inc. on November 3, 2025.
Financial Terms: Total purchase price is up to $725,000,000.
- $650M paid at closing (cash-free/debt-free, subject to adjustments).
- Up to $75M in Additional Consideration dependent on 2025 performance metrics.
Strategic Rationale: The transaction advances the Company’s portfolio simplification strategy and is expected to support capital investments in remaining businesses.
Caveats: