BRIEF-Sonoco Completes Strategic Review, Announces Agreement To Sell Thermoformed And Flexibles Packaging (Tfp) Business To Toppan Holdings Inc.-February 2024-www.financetom.com

BRIEF-Sonoco Completes Strategic Review, Announces Agreement To Sell Thermoformed And Flexibles Packaging (Tfp) Business To Toppan Holdings Inc.

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BRIEF-Sonoco Completes Strategic Review, Announces Agreement To Sell Thermoformed And Flexibles Packaging (Tfp) Business To Toppan Holdings Inc.

Dec 18, 2024 3:43 PM

Dec 18 (Reuters) - Sonoco Products Co ( SON ):

* SONOCO COMPLETES STRATEGIC REVIEW, ANNOUNCES AGREEMENT TO

SELL THERMOFORMED AND FLEXIBLES PACKAGING (TFP) BUSINESS TO

TOPPAN HOLDINGS INC.

* SONOCO PRODUCTS CO ( SON ) - TO SELL THERMOFORMED AND FLEXIBLES

PACKAGING BUSINESS FOR $1.8 BILLION

* SONOCO PRODUCTS CO ( SON ) - NET PROCEEDS EXPECTED TO REPAY

EXISTING

DEBT

* SONOCO PRODUCTS CO ( SON ) - TO SELL ITS THERMOFORMED AND

FLEXIBLES

PACKAGING BUSINESS TO TOPPAN HOLDINGS INC.

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