DSTC176 57310001-KTTomas Lopez, CEO of Eviosys, added: “For more than 200 years, Eviosys and its predecessor companies have been providing industry-leading metal packaging, enhancing the appeal of our customers’ brands. KPS recognizes the investment opportunity and growth potential presented by Eviosys. KPS’s deep expertise and extensive experience in manufacturing provide us with the careful planning and necessary resources to ultimately create significant value. We thank KPS for shaping a culture centered on continuous improvement, manufacturing excellence and environmental stewardship. We are proud of our outstanding people, products and services. By combining with Sonoco, we are committed to providing quality, sustainable and innovative packaging solutions to new and existing customers around the world. Both of our companies are strongly committed to providing the highest levels of customer service, employee safety and operational efficiency.”
Rothschild Bank acted as the exclusive financial advisor to KPS and Eviosys, while Bovis & Weiss LLP acted as legal counsel. Morgan Stanley and J.P. Morgan Securities acted as financial advisers to Sonoco, while Freshfields LLP acted as legal counsel to Sonoco.
About Eviosys
Eviosys is a leading global supplier of metal packaging, producing foovd cans and caDSTC176 57310001-KTn LIDS, spray cans, metal bottle caps, and promotional packaging that provides packaging protection for hundreds of consumer brands. Eviosys has the largest production of metal food cans in Europe, the Middle East and Africa, with more than 6,300 employees at 44 manufacturing sites in 17 countries. Eviosys is a global leader in sustainability, with a portfolio made up entirely of infinitely recyclable metal packaging and an industry leader on several sustainability metrics.
About KPS Capital Partners, LP
KPS, through its associated management entities, manages the KPS Special Situations Fund. The fund was created as part of a family of investment funds with approximately $21.6 billion in AUM as of March 31, 2024. For more than three decades, KPS partners have focused on achieving significant capital appreciation through controlling equity investments in manufacturing and industrial companies. These companies cover a wide range of industries, including basic materials, branded consumer goods, healthcare and luxury goods, automotive parts, capital equipment, DSTC176 57310001-KTand general manufacturing. KPS creates value for its investors by working constructively with talented management teams to make businesses better. It generates investment returns by structurally improving the strategic position, competitiveness and profitability of its portfolio companies, rather than relying primarily on financial leverage. As of March 31, 2024, the KPS Fund’s portfolio companies had combined annual revenue of approximately $19.6 billion, operated 223 manufacturing sites in 26 countries, and employed approximately 47,000 people worldwide through direct and joint ventures.
