Sonoco completes Eviosys acquisition
Image: Eviosys
Sonoco Products Company, a global leader in high-value sustainable packaging, has announced the close of its acquisition of Eviosys, Europe’s leading food cans, ends and closures manufacturer, from KPS Capital Partners, LP.
The transaction advances Sonoco’s portfolio transformation strategy to simplify and realign its portfolio, and position the company for long-term growth and value creation.
Sonoco announced its intent to acquire Eviosys on 24 June 2024.
Following the integration process, Eviosys will transition to the Sonoco brand over the coming months and will operate under Sonoco’s Consumer Packaging segment. The business will continue to be led by Tomás López, CEO of Eviosys. The smooth integration of Eviosys into Sonoco will allow the combined entity to serve its valued customers with a renewed focus on excellence and innovation.
López expressed his enthusiasm for the partnership, stating: “Today marks a new chapter for Eviosys as we join the Sonoco family. Being part of Sonoco will allow us to extend our innovative packaging solutions and world-class manufacturing quality to a broader market. We remain dedicated to our customers’ success and are excited to build on this foundation as we continue striving for excellence.”
Howard Coker, president and CEO of Sonoco, added: “This combination creates a global leader in metal packaging, and we are excited to begin executing our integration plans and welcome the incredibly talented team at Eviosys. We see new and significant opportunities to unlock additional capabilities and end-markets in this larger, scaled business and look forward to investing in our combined product platform as we meet the growing demand for innovative solutions from our customers.”
