Arsenal Capital Management has acquired the ThermoSafe business unit of Sonoco Products Company for $725 million, highlighting strategic consolidation in the growing packaging sector.

Information on the Target

As of Q3 2025, the Packaging sector has seen significant activity, with a median transaction value of $157 million. This reflects a growing interest from strategic buyers, who accounted for 87% of the transactions during this period. Noteworthy acquisitions include prominent players such as Arsenal Capital Management and Sonoco Products Company, which completed the acquisition of the ThermoSafe business unit for $725 million.

Other significant transactions in the sector include Foam Packaging Specialties acquiring Custom Packaging Solutions, ProAmpac Intermediate taking over PAC Worldwide Corporation, and PMGC Holdings purchasing Pacific Sun Packaging for $1 million. Additionally, Packaging Corporation of America made headlines with its $1.8 billion acquisition of Box-Board Products, showcasing the high stakes and strategic consolidation prevalent in the industry.

Industry Overview in the Target’s Specific Country

In the United States, the packaging industry is experiencing a robust transformation, driven by increasing demand for sustainable packaging solutions and advanced technologies. With