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Sonoco ThermoSafe Acquires AAR

Acquires the PharmaPort 360T assets to enter the active temperature-controlled cargo containers market.

Sonoco ThermoSafe, a unit of Sonoco and a global provider of temperature-assurance packaging, has acquired the PharmaPort 360T assets, licenses, trademarks and manufacturing rights from AAR, to enter the active temperature-controlled cargo containers market.

Sonoco ThermoSafe will own and lease the PharmaPort 360 containers globally while signing a multi-year agreement with AAR to manufacture, repair and perform maintenance services.