Sonoco (SON) to Buy Eviosys to Boost Metal Packaging Business

Sonoco Products Company (SON) has announced that it has agreed to buy Eviosys, Europe's leading manufacturer of food cans, ends and closures, from KPS Capital Partners for approximately $3.9 billion. This buyout will strengthen SON's metal core metal packaging business and global presence while enhancing sustainability efforts. The company has identified more than $100 million of synergies that are expected to be realized within two years of closing. Eviosys: A Strategic Fit The addition of Eviosys' highly ...