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Analyzing options for the Thermoformed & Flexibles Packaging business as part of further portfolio simplification.
September 6, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sonoco Products Company announced that it has initiated a review of strategic alternatives for the company’s Thermoformed & Flexible Packaging (TFP) business, a part of the company’s Consumer Packaging segment. Exploring alternatives for the TFP business is expected to accelerate Sonoco’s portfolio simplification strategy, improve pro forma leverage and further increase shareholder value. Sonoco’s TFP is a market-leading thermoformed and flexible packaging business serving a wide range...
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