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Sonoco Products Company has successfully completed its acquisition of Eviosys, a European manufacturer specialising in metal packaging.

KPS Capital Partners first announced back in June that Eviosys (one of its portfolio companies), will be sold to Sonoco for €3.615 billion.

This deal aims to solidify Sonoco's position in the global market, and enhances its service offerings and sustainability initiatives.

The merger of Sonoco and Eviosys creates a formidable entity in the metal packaging landscape, particularly in the production of food and aerosol cans.

With Eviosys joining the Sonoco family, customers can expect an expanded product range and improved service reliability. The integration is designed to strengthen the supply chain, allowing for greater efficiency and responsiveness to market demands.

Tomás López, CEO of Eviosys, will continue to lead the business under the Sonoco brand. “Today marks a new chapter for Eviosys as we join the Sonoco family," he said. "Being part of Sonoco will allow us to extend our innovative packaging solutions and world-class manufacturing quality to a broader market.”

The combined expertise will accelerate the development of packaging solutions tailored to the evolving needs of the food and beverage industry.

Howard Coker, president and CEO of Sonoco, added: “We see new and significant opportunities to unlock additional capabilities and end-markets in this larger, scaled business”.

By pooling their resources and expertise, the companies aim to enhance their sustainability initiatives, helping customers meet their own environmental goals.

This collaboration is expected to yield innovative packaging solutions that not only meet market demands but also contribute positively to local communities and the environment.

With a combined revenue of approximately €2.41 billion from Eviosys and $6.8 billion from Sonoco in 2023, the new entity is well-positioned to address the growing demand for sustainable and innovative packaging solutions.

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