M&A
confidence medium
sentiment neutral
materiality 0.75
Sonoco completes €3.615B Eviosys acquisition; files historical financials and pro forma data
SONOCO PRODUCTS CO
- Acquisition of Eviosys completed Dec 4, 2024 for €3,615M; funded via debt facilities and senior notes.
- Eviosys operates 44 plants in 17 countries; Russian subsidiary Packaging Kuban held for sale, €11M impairment recognized.
- Eviosys repriced €400M Term Loan B3 in Feb 2024, reducing margin from EURIBOR+475bp to +400bp, generating €11.8M gain.
- Filing includes audited FY2023/2022 and unaudited interim 2024 financials of Eviosys, plus pro forma combined statements for Sonoco.