# Sonoco to buy Eviosys from KPS for $3.9bn

Sonoco agreed to acquire food can, ends and closures maker Eviosys from KPS for about $3.9 billion, creating a global leader in metal food can and aerosol packaging. Sonoco expects over $100 million in synergies.

- Type: Acquisition
- Announced: 2020-03-21
- Value: $3.90B
- Status: announced
- Products: food cans, food can ends, aerosol cans, metal closures
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Sonoco](https://endata.com/companies/268.md) (acquirer)
- [Eviosys](https://endata.com/companies/6269.md) (target)
- [KPS](https://endata.com/companies/6270.md) (partner)

## Sources

- [pilling.co.uk](https://www.pilling.co.uk/home/profiles/news-and-research/external-news/article/?category=international-companies&slug=us-sustainable-packaging-group-sonoco-to-buy-eviosys-for-39bn&story_id=16981417), 2020-03-21: "US sustainable packing company Sonoco said on Monday that it has agreed to buy Eviosys, a food cans, ends and closures manufacturer, from KPS for about $3.9bn."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.