Sonoco Products Company completed the acquisition of Eviosys from KPS Capital Partners for $3.9bn.

Sonoco Products Company, a provider of high-value sustainable packaging, completed the acquisition of Eviosys, a global supplier of metal packaging, producing food cans and ends, aerosol cans, metal closures and promotional packaging, from KPS Capital Partners, a private equity firm, for $3.9bn. "Eviosys is another demonstration of KPS' investment strategy of seeing value where others do not, buying right and making businesses better, across economic cycles, geographies and industries over decades," Michael Psaros, KPS Co-Founder and Co-Managing Partner.