Industry News, Mergers and Acquisitions, Printers News

Sonoco to Acquire Eviosys for $3.9 Billion

Acquisition will create the world’s leading metal food can and aerosol packaging platform.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Sonoco Products Company announced it has entered into an agreement to acquire Eviosys, Europe’s leading food cans, ends and closures manufacturer, from KPS Capital Partners, LP for approximately $3.9 billion. The transaction accelerates Sonoco’s strategy to focus on and scale its core businesses and invest in high return opportunities, both organically and inorganically. Following the transaction, Sonoco will be the leading metal food can and aerosol packaging manufacturer globally. Eviosy...

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