Sonoco Products ( (SON) ) has provided an update.
On April 1, 2025, Sonoco Products Company completed the sale of its Thermoformed and Flexibles Packaging business and its global Trident business to TOPPAN Holdings Inc. for $1.8 billion. The proceeds from this transaction will be used to reduce approximately $1.5 billion in debt, allowing Sonoco to focus on its sustainable metal and fiber packaging businesses, thereby improving its financial position and enabling further investments in these areas.
More about Sonoco Products
Founded in 1899, Sonoco Products Company is a global leader in value-added, sustainable metal and fiber consumer and industrial packaging. The company operates in 40 countries with approximately 23,400 employees and serves some of the world’s best-known brands. Sonoco is committed to innovation, collaboration, and excellence to support a more sustainable future.
YTD Price Performance: -2.21%
Average Trading Volume: 835,029
Technical Sentiment Signal: Buy
Current Market Cap: $4.61B
For an in-depth examination of SON stock, go to TipRanks’ Stock Analysis page.