Sonoco's acquisition of Eviosys marks a significant milestone in the metal packaging industry. Valued at approximately $3.9 billion, this strategic move positions Sonoco as a global leader in metal food and aerosol can manufacturing. The integration of Eviosys into Sonoco's operations is expected to enhance customer value through innovation and sustainability, while also driving long-term growth and value creation.
Founded with over 200 years of packaging experience, Eviosys specializes in smart sustainable packaging. Its core products include food cans, closures, promotional packaging, and aerosols. Eviosys differentiates itself through its commitment to 100% recyclable metal packaging, innovative technology, and a significant global presence with 45 plants in 18 countries. The company emphasizes uncompromising quality and design, aiming to promote, protect, preserve, and enhance products to create business value.
Sonoco is a global leader in packaging solutions, offering a diverse range of products and services across various markets. Key offerings include consumer packaging, industrial products, protective packaging, and healthcare packaging solutions. The company is known for its commitment to sustainability and innovation, providing high-quality, eco-friendly packaging options. With a strong market presence, Sonoco significantly influences industry standards and practices, continually adapting to meet the evolving needs of its customers.
Sonoco completed its acquisition of Eviosys on December 4, 2024. This strategic move comes amid ongoing geopolitical tensions and aligns with Sonoco's broader restructuring activities aimed at focusing on metal packaging production. The acquisition follows Sonoco's 2022 purchase of Ball Metalpack, reflecting a trend towards consolidating market leadership in metal packaging. This timing also underscores the industry's shift towards sustainability and innovation, enhancing Sonoco's global reach and operational efficiencies.
The acquisition of Eviosys by Sonoco brings significant changes to its operations and management. Rodger Fuller, Sonoco’s Chief Operating Officer, will lead the integration, ensuring a seamless transition. Tomás López, the current CEO of Eviosys, will continue to lead the EMEA metal packaging business under the Sonoco brand. This continuity in leadership aims to maintain operational excellence and employee satisfaction. The integration will focus on optimizing sourcing, improving supply chain efficiencies, and aligning Eviosys’s operations with Sonoco’s strategic goals.
Product offerings and services are set to expand, with a stronger emphasis on sustainable packaging solutions. The merger will enhance Eviosys’s product range, including food cans, aerosol cans, and promotional packaging, while strengthening the supply chain. Employee reactions have been positive, with a focus on maintaining continuity and operational excellence. Customers can expect improved service reliability and innovative packaging solutions tailored to meet evolving market needs. For founders considering business transitions, tools like Sunset can assist in managing such processes compliantly and efficiently.