Eightco Holdings (OCTO, Financial) has successfully completed the divestiture of its subsidiary, Ferguson Containers. The business unit has been sold to Reichard Corrugated Products. This transaction sees Ferguson Containers moving to an entity that is under the control of its current management team.
The strategic sale aligns with Eightco Holdings' ongoing efforts to streamline operations and focus on core competencies. By transferring ownership to Reichard Corrugated Products, Ferguson Containers is expected to continue its operations under the guidance of management familiar with its business model and operations.
