---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-030277"
form_type: "8-K"
ticker: "SON"
cik: "0000091767"
company_name: "SONOCO PRODUCTS CO"
filed_at: "2025-04-01T23:59:59+00:00"
generated_at: "2026-05-24T01:21:30.969610+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sonoco completes $1.8B sale of Thermoformed & Flexibles Packaging to Toppan; proceeds to reduce debt

## Summary
- Sold TFP and global Trident business to TOPPAN Holdings for $1.8B cash, subject to customary adjustments.
- After-tax cash proceeds of ~$1.5B will be used to reduce leverage, per CEO Howard Coker.
- Transaction includes ~4,500 employees moving to Toppan; Sonoco to focus on sustainable metal and fiber packaging.
- Sonoco will report Q1 2025 results on April 29, 2025, with a conference call on April 30.

## SEC filing metadata
- accession: 0001104659-25-030277
- form_type: 8-K
- ticker: SON
- cik: 0000091767
- company_name: SONOCO PRODUCTS CO
- filed_at: 2025-04-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/91767/000110465925030277/0001104659-25-030277-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91767/000110465925030277/tm2510853d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-030277
- JSON: https://secwatch.observer/filing/0001104659-25-030277.json
- Plain text: https://secwatch.observer/filing/0001104659-25-030277.txt

## Key facts
- M&A Transactions
  SONOCO PRODUCTS CO completed a disposition involving TOPPAN Holdings Inc. for $1.8 billion (closed 2025-04-01).
  - Action: disposition
  - Counterparty: TOPPAN Holdings Inc.
  - Consideration: $1.8 billion
  - Closing: 2025-04-01
  source text: Inc., a Japanese corporation (“ Buyer ”) (such sale, the “ Transaction ”). Under the terms of the Purchase Agreement, the aggregate cash purchase price paid by Buyer was $1.8 billion, as adjusted in accordance with the terms of the Purchase Agreement and subject to customary post-closing adjustments as set forth in the Purchase Agreement. In connection with
  evidence_url: https://www.sec.gov/Archives/edgar/data/91767/000110465925030277/0001104659-25-030277-index.htm

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