Add-on Acquisition • Packaging

Sonoco Acquires Eviosys

On June 24, 2024, Sonoco acquired packaging company Eviosys from KPS Capital Partners for 3.9B USD

Acquisition Context
  • This is Sonoco’s 16th transaction in the Packaging sector.
  • This is Sonoco’s largest (disclosed) transaction.
  • This is Sonoco’s 1st transaction in Switzerland.

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M&A Deal Summary

Date June 24, 2024
Target Eviosys
Sector Packaging
Buyer(s) Sonoco
Sellers(s) KPS Capital Partners
Deal Type Add-on Acquisition
Deal Value 3.9B USD
Advisor(s) Rothschild Global Advisory (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target Company

Eviosys

Baar, Switzerland
Eviosys is a provider of metal packaging, producing food cans and ends, aerosol cans, metal closures and promotional packaging to preserve the products of hundreds of consumer brands. Eviosys was formed in 2021 and is headquartered in Baar, Switzerland.
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Buyer Overview 1

Buyer

Sonoco

Hartsville, South Carolina, United States

Category Company
Founded 1899
Sector Packaging
Employees28,000
Revenue 5.3B USD (2024)
DESCRIPTION

Sonoco is a provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. Sonoco Products was founded in 1899 and is based in Hartsville, South Carolina.


Deal Context for Buyer #
Overall 20 of 20
Sector: Packaging 16 of 16
Type: Add-on Acquisition 18 of 18
Country: Switzerland 1 of 1
Year: 2024 1 of 1
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 Inapel

São Paulo, Brazil

Inapel is a flexible packaging manufacturer that currently operates two facilities in São Paulo – one in Jundiai and the other in Guarulhos. Production capabilities range from rotogravure printing, adhesive, and extrusion laminations, specialty coatings, cold seal, pouching, and cylinder engraving. Inapel is based in São Paulo, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-18 Sonoco Products - Thermoformed & Flexible Packaging

Hartsville, South Carolina, United States

Sonoco Products' Thermoformed & Flexible Packaging specializes in providing packaging solutions for various industries, including food, retail, and medical sectors. Sonoco Products' Thermoformed & Flexible Packaging is based in Hartsville, South Carolina.

Sell $1.8B

Seller Profile 1

SELLER

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 21.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $200 million to $2 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York, New York.


Deal Context for Seller #
Overall 35 of 36
Sector: Packaging 2 of 2
Type: Add-on Acquisition 19 of 20
Country: Switzerland 1 of 1
Year: 2024 3 of 3
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-16 Innomotics

Nuremberg, Germany

Innomotics is a supplier of electric motors and large-drive systems. The Company unites the power of deep engineering expertise and leading innovation in electrical solutions across industries and regions. Innomotics is headquartered in Nuremberg, Germany.

Buy €3.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-30 Catalyst Acoustics Group

Springfield, Massachusetts, United States

Catalyst Acoustics Group offers a diverse range of products through its independent brands, which provide customized noise control solutions across industries like architecture, industry, and medical sectors. Catalyst Acoustics Group is based in Springfield, Massachusetts.

Buy -