{"id":50936,"date":"2024-06-24T13:40:20","date_gmt":"2024-06-24T13:40:20","guid":{"rendered":"https:\/?p=50936"},"modified":"2024-06-24T13:40:20","modified_gmt":"2024-06-24T13:40:20","slug":"ma-news-sonoco-products-acquires-eviosys-for-3-9-billion","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/ma-news-sonoco-products-acquires-eviosys-for-3-9-billion\/","title":{"rendered":"M&#038;A News: Sonoco Products Acquires Eviosys for $3.9 Billion"},"content":{"rendered":"<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.stocktargetadvisor.com\/stock\/USA\/NYE\/SON\">Sonoco Products (SON: NYE)<\/a> announced a significant move to bolster its presence in the global food packaging market. The company has entered into an agreement to acquire Eviosys, a prominent European producer of food cans for a staggering $3.9 billion.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Eviosys Acquisition Expands Sonoco&#8217;s Reach in Europe:\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">This strategic acquisition allows Sonoco Products to significantly expand its footprint in the European food can market. Eviosys&#8217; strong reputation and established customer base in Europe will complement Sonoco&#8217;s existing operations, creating a leading metal food can and aerosol packaging platform on a global scale.<\/span><\/p>\n<p><a href=\"https:\/\/www.stocktargetadvisor.com\/\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-50938 size-full\" src=\"http:\/\/stocktargetadvisor.com\/wp-content\/uploads\/2024\/06\/sta-analyst-rating-widget-1-1.png\" alt=\"son rating-widget \" width=\"522\" height=\"317\" srcset=\"https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2024\/06\/sta-analyst-rating-widget-1-1.png 522w, https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2024\/06\/sta-analyst-rating-widget-1-1-300x182.png 300w, https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2024\/06\/sta-analyst-rating-widget-1-1-150x91.png 150w\" sizes=\"(max-width: 522px) 85vw, 522px\" \/><\/a><\/p>\n<h2><strong>Sonoco to Divest ThermoSafe Business:\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">In a separate announcement, Sonoco Products revealed plans to divest its ThermoSafe business unit. ThermoSafe specializes in temperature-controlled packaging solutions. This move suggests a strategic focus on Sonoco&#8217;s core business in consumer packaging.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Sonoco Poised for Growth with Strategic Acquisitions:\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The acquisition of Eviosys, coupled with the planned divestment of ThermoSafe, indicates a clear direction for Sonoco Products. By expanding its presence in the high-growth European food packaging market and streamlining its portfolio, Sonoco is well-positioned for future success. The company anticipates the acquisition to generate $100 million in synergies and significantly increase its bottom line by 2025.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sonoco Products (SON: NYE) announced a significant move to bolster its presence in the global food packaging market. The company has entered into an agreement&#8230;<\/p>\n","protected":false},"author":17,"featured_media":50939,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-50936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v21.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>M&amp;A News: Sonoco Products Acquires Eviosys for $3.9 Billion | Stock Target Advisor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.stocktargetadvisor.com\/blog\/ma-news-sonoco-products-acquires-eviosys-for-3-9-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"M&amp;A News: Sonoco Products Acquires Eviosys for $3.9 Billion\" \/>\n<meta property=\"og:description\" content=\"Sonoco Products (SON: NYE) announced a significant move to bolster its presence in the global food packaging market. 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