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Stock impact report

Sonoco Boosts Portfolio With the Completion of Eviosys Buyout [Yahoo! Finance]

Sonoco Products Company (SON) 
Last sonoco products company earnings: 4/16 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.sonoco.com/investor-relations-0
Company Research Source: Yahoo! Finance
On June 24, 2024, Sonoco announced that it had inked a deal to buy Eviosys from KPS Capital Partners for approximately $3.9 billion. Following the integration process, Eviosys will become a part of SON's Consumer Packaging segment. Eviosys is a leading global supplier of metal packaging, producing food cans and ends, aerosol cans and metal closures. Eviosys' revenues for 2024 are projected at around $2.5 billion, while adjusted EBITDA is estimated at approximately $430 million. With 44 facilities across 17 countries, Eviosys boasts the largest metal food can manufacturing footprint in the EMEA region. Combining this with Sonoco's established presence in the United States will expand the company's total addressable market in metal packaging to approximately $25 billion globally. The addition of Eviosys' highly complementary portfolio will help Sonoco expand its customer base and open up organic growth opportunities in consumer-oriented end markets. It will also boost Sonoco's in Show less Read more
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