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Sonoco Products Company announced that it has entered into a Share and Asset Purchase Agreement to sell its ThermoSafe business to Arctic US Bidco, Inc. The filing states that Buyer will acquire the ThermoSafe business on the terms and subject to the conditions in the Purchase Agreement and that a press release describing the transaction is furnished as Exhibit 99.1 and incorporated by reference. The filing does not disclose purchase price, financing, closing conditions, or any financial metrics for the Business in this document.