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Sonoco agreed to purchase metal packaging maker Eviosys from KPS Capital Partners for $3.9 billion, creating a leading global metal food can and aerosol packaging business. Eviosys is expected to generate about $2.5 billion in 2024 revenue.
US investment firm KPS agreed to buy Crown Holdings' European tinplate packaging division, including former Mivisa, for €1.9 billion, with Crown keeping a 20% stake. The deal is expected to close in Q3 2021.
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.