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Divestiture is part of planned packaging portfolio optimization strategy.
February 1, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sonoco Products Company announced that certain of its subsidiaries entered into a definitive agreement to sell its Protective Solutions business to Black Diamond Capital Management, LLC for an estimated $80 million in cash. The transaction is subject to customary closing conditions and is expected to be completed in the first half of 2024. This sale is the result of Sonoco’s continuing evaluation of its business portfolio and is consistent with its strategic and investment priorities. Sono...
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