Sonoco to Acquire Eviosys for $3.9 Billion

KPS Capital Partners, LP has agreed to sell its portfolio company, Eviosys, to Sonoco Products Company for €3.615 billion (approximately $3.9 billion). The deal includes an option for Sonoco to pay up to $200 million of the purchase price in the form of Sonoco stock.

Eviosys, a leading global supplier of metal packaging, is known for its sustainable packaging solutions. Under KPS ownership, Eviosys achieved remarkable transformation and significant profitability growth.

The Boards of Directors of both companies have unanimously approved the transaction. The transaction is expected to close by the end of 2024, subject to the completion of required works council consultations, the receipt of required regulatory approvals and other customary closing conditions.