Sonoco to Acquire Eviosys for $3.9B from KPS Capital Partners
Portfolio Pulse from Benzinga Newsdesk
Sonoco Products Company (NYSE:SON) announced it will acquire Eviosys, a leading European food can manufacturer, from KPS Capital Partners for $3.9 billion. The acquisition will make Sonoco the leading global manufacturer of metal food cans and aerosol packaging, with expected synergies of over $100 million.
June 24, 2024 | 10:03 am
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Sonoco (NYSE:SON) is acquiring Eviosys for $3.9 billion, which will make it the leading global manufacturer of metal food cans and aerosol packaging. The acquisition is expected to generate over $100 million in synergies.
The acquisition of Eviosys significantly strengthens Sonoco's market position and is expected to generate substantial synergies, which should positively impact Sonoco's stock price in the short term.
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