{"id":61,"date":"2024-06-25T10:18:08","date_gmt":"2024-06-25T14:18:08","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=61"},"modified":"2024-06-25T15:29:07","modified_gmt":"2024-06-25T19:29:07","slug":"sonoco-to-acquire-eviosys","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=61","title":{"rendered":"Sonoco to acquire Eviosys"},"content":{"rendered":"


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Sonoco said the deal expands its reach into a $25bn global metal packaging market. Credit: 3rdtimeluckystudio via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

Sonoco Products<\/a> Company has announced that it will acquire Eviosys, a European metal packaging leader, for $3.9bn.<\/p>\n

This move strengthens Sonoco\u2019s position as one of the world\u2019s top manufacturers of metal food cans and aerosol packaging.<\/p>\n

The acquisition aligns with Sonoco\u2019s strategy to focus on its core businesses and invest in high-growth opportunities.<\/p>\n

By combining Sonoco\u2019s existing US presence with Eviosys\u2019 dominance in Europe, the company said the deal expands its reach into a $25bn global metal packaging market.<\/p>\n

Sonoco expects significant benefits from the acquisition.<\/p>\n

Specifically, the company anticipates more than $100m in annual synergies through optimised sourcing, supply chain improvements, and operational efficiencies.<\/p>\n

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