---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-129819"
form_type: "8-K"
ticker: "SON"
cik: "0000091767"
company_name: "SONOCO PRODUCTS CO"
filed_at: "2024-12-18T23:59:59+00:00"
generated_at: "2026-05-29T02:13:08.087316+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Sonoco Products Company agrees to sell Thermoformed and Flexibles Packaging business to TOPPAN Holdings for $1.8 billion

## Summary
- Sale price of $1.8 billion on a cash-free, debt-free basis with customary adjustments.
- Transaction expected to close in first half of 2025, subject to regulatory approvals and customary closing conditions.
- Net proceeds from the sale will be used to repay existing debt.
- CEO Howard Coker states the sale accelerates portfolio simplification and enables focused capital investments.

## SEC filing metadata
- accession: 0001104659-24-129819
- form_type: 8-K
- ticker: SON
- cik: 0000091767
- company_name: SONOCO PRODUCTS CO
- filed_at: 2024-12-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/91767/000110465924129819/0001104659-24-129819-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91767/000110465924129819/tm2431403d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-129819
- JSON: https://secwatch.observer/filing/0001104659-24-129819.json
- Plain text: https://secwatch.observer/filing/0001104659-24-129819.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.