KPS Capital Partners to sell Eviosys to Sonoco for EUR 3.615 billion

Funding funds KPS Capital Companions has introduced the sale of international provider of metallic packaging Eviosys to South Carolina-based packaging big Sonoco Merchandise Firm for EUR 3.615 billion (or roughly USD 3.9 billion).

Sonoco has the choice, below sure circumstances, to pay as much as USD 200 million of the acquisition consideration within the type of Sonoco inventory. The transaction is predicted to shut by the tip of 2024, and is topic to completion of required works council consultations and the receipt of required regulatory approvals and different customary closing situations.

Eviosys is a number one international provider of metallic packaging, producing meals cans and ends, aerosol cans, metallic closures and promotional packaging to protect the merchandise of a whole lot of client manufacturers. Eviosys has the biggest metallic meals can manufacturing footprint within the EMEA area, with over 6,300 staff in 44 manufacturing amenities throughout 17 international locations in Europe, the Center East and Africa.

KPS created Eviosys to accumulate Crown’s EMEA Meals and Client Packaging Enterprise in August 2021. Crown retained a 20% possession curiosity in Eviosys. KPS assembled a brand new administration crew, led by Chief Govt Officer Tomás López, and invested almost EUR 225 million to guide the transformation of Eviosys into an unbiased firm.