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Sonoco to divest its protective solutions packaging business

Sonoco Products Company, one of the largest global sustainable packaging companies, today announced that certain of its subsidiaries entered into a definitive agreement to sell its Protective Solutions business to Black Diamond Capital Management, LLC (“Black Diamond”) 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. ....

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Sonoco to Sell Its Protective Solutions Business to Black Diamond Capital for $80 Million

Sonoco to Sell Its Protective Solutions Business to Black Diamond Capital for $80 Million
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Sonoco Announces Agreement for the Divestiture of its Protective Solutions Packaging Business as Part of Planned Portfolio Optimization Strategy

Sonoco Announces Agreement for the Divestiture of its Protective Solutions Packaging Business as Part of Planned Portfolio Optimization Strategy
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Sonoco (SON) to Sell Protective Solutions Packaging Business

Sonoco (SON) to Sell Protective Solutions Packaging Business
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Owosso company adding 27 jobs with $450,000 expansion

Sonoco Protective Solutions at 123 Chipman St. currently employs more than 100 people, who make products designed to protect everything from medicine to appliances during the shipping process. ....

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