Sonoco Products Co (SNS.BE)
- Zacks
Sonoco (SON) to Buy Eviosys to Boost Metal Packaging Business
Sonoco (SON) is set to acquire Eviosys to augment its metal packaging business.
- Reuters
Packaging firm Sonoco Products to buy Eviosys in $3.9 billion deal
The U.S. packaging firm expects to achieve more than $100 million in synergies from the integration of Eviosys with Sonoco's complementary metal can business. The deal, expected to close by end-2024 subject to certain conditions, will immediately add to Sonoco's adjusted earnings per share (EPS) and result in a more than 25% increase to its 2025 adjusted EPS. KPS Capital Partners said in a statement Sonoco has the option, under certain circumstances, to pay up to $200 million of the purchase consideration with its stock.
- PR Newswire
KPS CAPITAL PARTNERS TO SELL EVIOSYS TO SONOCO FOR €3.615 BILLION
KPS Capital Partners, LP ("KPS") announced today that it has entered into an agreement for its portfolio company, Eviosys (the "Company"), to be sold to Sonoco Products Company ("Sonoco", NYSE: SON), a Hartsville, South Carolina-based global leader in high-value sustainable packaging, for €3.615 billion (or approximately $3.9 billion). Sonoco has the option, under certain circumstances, to pay up to $200 million of the purchase consideration in the form of Sonoco stock. The transaction is expect
