TOPPAN Holdings Acquires Sonoco's TFP Business
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TOPPAN Holdings has agreed to acquire Sonoco's Thermoformed & Flexible Packaging business for $1.8 billion, enhancing its sustainable packaging capabilities in the Americas.
December 19, 2024 | 2:30 am
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Sonoco Products Company is selling its Thermoformed & Flexible Packaging business to TOPPAN Holdings for $1.8 billion, which could streamline its operations and provide capital for other strategic initiatives.
The sale of the TFP business for $1.8 billion provides Sonoco with significant capital, potentially improving its financial position and allowing for reinvestment in core areas. This could positively impact Sonoco's stock in the short term.
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