Sonoco turns M&A eye to ThermoSafe sale after Eviosys deal close

"Sonoco just wrapped up a milestone year, sealing its $1.8 billion sale of thermoformed and flexible packaging to Toppan and acquiring metal packaging giant Eviosys. While storms hit operations hard, Q4 net sales still climbed 2% to $1.36 billion. The real game-changer? Sonoco’s pivot to rigid paper containers, backed by a massive Thailand plant set to be one of the world’s largest. For the paper packaging industry, this signals a shift—rigid paper is gaining ground as a sustainable alternative to plastic and metal. Could this be the future of packaging? Stay tuned!"https://www.packagingdive.com/news/sonoco-q4-2024-packaging-earnings-thermosafe/740288/

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