Sonoco Products ( (SON) ) has shared an announcement.
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Sonoco Products Company has completed its acquisition of Eviosys, Europe’s leading manufacturer of metal food cans and closures, for €3.615 billion. This acquisition is a strategic move to transform Sonoco’s portfolio, positioning the company for long-term growth in the sustainable packaging sector. Funded through a mix of senior unsecured notes, term loans, and cash, the deal will see Eviosys integrated into Sonoco’s Consumer Packaging segment. The acquisition aims to create a global leader in metal food and aerosol can manufacturing.
For a thorough assessment of SON stock, go to TipRanks’ Stock Analysis page.
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