Sonoco Products Co acquires Eviosys Packaging

Sonoco Products Co (NYSE: SON), the US based manufacturer of industrial and consumer packaging products, agreed to acquire Eviosys, a European manufacturer of sustainable metal packaging solutions from the private equity firm KPS Capital Partners for a consideration of approx. USD 3.9 billion. The acquisition is expected to be completed by the end of 2024, subject to customary closing conditions including regulatory approvals.

Lenz & Staehelin is advising Sonoco in this transaction as Swiss counsel. The team was led by Matthias Wolf (M&A) and included Raphael Fries and Michael Krähenbühl (both M&A), Simona Baselgia (IP), Elena Nauer and Helin Dalla Palma (Employment), Cécile Christen (Real Estate) and Vivienne Madders (Banking & Finance).