Sonoco Products Company (Sonoco) has announced the close of its previously announced acquisition of Eviosys from KPS Capital Partners, LP.
The combination creates a leading metal food and aerosol can manufacturer worldwide, strengthening its commitment to innovation, sustainability and exceptional service for customers around the globe.
Following the integration process, Eviosys will transition to the Sonoco brand over the coming months and will operate under Sonoco’s Consumer Packaging segment.
The business will continue to be led by Tomás López, CEO of Eviosys.
This continuity in leadership will help maintain the trusted service that Eviosys’ customers rely on, said Sonoco.
The smooth integration of Eviosys into Sonoco will allow the combined entity to serve its valued customers with a renewed focus on excellence and innovation, it added.
López expressed his enthusiasm for the partnership, stating: “Today marks a new chapter for Eviosys as we join the Sonoco family. Being part of Sonoco will allow us to extend our innovative packaging solutions and world-class manufacturing quality to a broader market. We remain dedicated to our customers’ success and are excited to build on this foundation as we continue striving for excellence.”
Howard Coker, president and CEO of Sonoco, added: “This combination creates a global leader in metal packaging, and we are excited to begin executing our integration plans and welcome the incredibly talented team at Eviosys.
"We see new and significant opportunities to unlock additional capabilities and end-markets in this larger, scaled business and look forward to investing in our combined product platform as we meet the growing demand for innovative solutions from our customers.”
Sonoco completes acquisition of Eviosys
