THERMOSAFE acquired by ARSENAL CAPITAL PARTNERS

Arsenal Capital Partners completed the acquisition of ThermoSafe from Sonoco Products Company. The deal represents a full‑control buy‑out of ThermoSafe, with the seller exiting the cold‑chain packaging segment and simplifying its portfolio around core metal and paper consumer and industrial packaging businesses. The temperature‑controlled packaging business is deeply embedded in the pharmaceutical and biologics value chain, serving high‑value, highly regulated shipments where product integrity and temperature control are critical. Arsenal positions the transaction as a strategic platform play within its middle‑market specialty‑industrial and healthcare vertical, aiming to leverage its prior experience in the packaging and industrial materials sectors to accelerate ThermoSafe’s growth through expanded geographic reach, product‑line innovation, and operational improvements. The firm also plans to support the existing management team led by CEO Russell Grissett, reinforcing continuity while professionalizing governance and commercial capabilities to capture further share in a global cold‑chain packaging market projected to grow at a double‑digit CAGR over the next decade.