Monday, July 22, 2024

European manufacturer of food cans, ends, and closures, Eviosys, to be acquired

Eviosys, the European manufacturer of food cans, ends, and closures, has been acquired by Sonoco, a leader in sustainable packaging.

This strategic move marks a significant milestone for both companies, combining their strengths to enhance service and innovation in the metal packaging industry.

The transaction, valued at approximately $3.9 billion, is expected to close by the end of 2024.

Tomás López, CEO of Eviosys, will continue to lead Sonoco’s EMEA metal packaging business, ensuring a seamless transition and continuity in leadership.

Howard Coker, President and CEO of Sonoco, said: “The acquisition of Eviosys establishes our global leadership in metal food can and aerosol packaging, marking an exciting milestone in our strategy to enhance our core metal packaging platform. We are committed to building on Eviosys’ strong foundation and delivering superior value to our customers.”

Tomás López, CEO of Eviosys, added: “By joining forces with Sonoco, we will bring our high-quality, sustainable, and innovative packaging solutions to a broader market. Our shared values and commitment to customer service will drive the success of this acquisition, and I look forward to continuing to lead our dedicated team in this new chapter.”

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