SONOCO PRODUCTS CO (SON): M&A transaction — Sonoco closes €3.615B acquisition of Eviosys, creating global metal packaging leader

SONOCO PRODUCTS CO

Acquisition completed December 4, 2024; purchase price of €3.615 billion paid in cash and debt.
Funded via $1.8B in senior notes, $700M Term Loan Facility, $1.5B 364-Day Term Loan, and cash on hand.
Eviosys is Europe's leading manufacturer of food cans, ends, and closures, previously owned by KPS Capital Partners.
Eviosys CEO Tomás López will continue to lead the business under Sonoco's Consumer Packaging segment.
Transaction advances Sonoco's portfolio transformation and creates a global leader in metal food and aerosol can manufacturing.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

SONOCO PRODUCTS CO completed an acquisition involving Titan Holdings Coöperatief U.A. and Titan Holdings I B.V. for €3.615 billion (closed 2024-12-04).

Action: acquisition
Counterparty: Titan Holdings Coöperatief U.A. and Titan Holdings I B.V.
Consideration: €3.615 billion
Closing: 2024-12-04

Exact text from the filing

On December 4, 2024, the Company completed the Acquisition. The purchase price paid by the Company at the closing of the Acquisition (the “Purchase Price”) was €3.615 billion

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31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

SONOCO PRODUCTS CO filing history →

Source: SEC EDGAR

accession 0001104659-24-125284

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