Sonoco Acquires Eviosys from KPS for $3.9 Billion
June 26, 2024
Sonoco Products Company has agreed to acquire Eviosys, a leading European metal-packaging manufacturer, from KPS Capital Partners for approximately $3.9 billion. The deal, which also involves Crown Holdings selling its remaining ~20% stake, creates a global leader in metal food can and aerosol packaging and is intended to scale Sonoco’s core metal packaging platform and capture operational synergies.
- Buyers
- Sonoco Products Company
- Targets
- Eviosys
- Sellers
- KPS Capital Partners, Crown Holdings, Inc.
- Industry
- Packaging
- Location
- Switzerland
- Transaction Type
- Buyout
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