Michael Psaros, co-founder and co-managing partner of KPS, said: “Eviosys once again demonstrates KPS’s investment strategy of finding value where others have not, buying wisely and making businesses better over decades across economic cycles, geographies and industries.

MVME6100 We are incredibly proud of the extraordinary transformation that Eviosys has achieved under KPS ownership.” Eviosys demonstrates our ability to build industry leaders on a global scale. The company’s success is a direct result of KPS’s strong commitment and strong investment in the company’s research and development, innovative technologies and products, manufacturing sites and people. We strongly believe that Sonoco’s acquisition of Eviosys will be a positive for the combined company and will benefit its customers, employees and investors.” The industry logic is persuasive.

We congratulate and thank Eviosys CEO Tomas Lopez and his senior management team for their strategic vision and superior execution to create significant value in a short period of time under KPS ownership.” We would also like to express our sincere appreciation to Crown for the important role they have played as an extremely constructive and supportive partner.”

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Tomas 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.”

MVME6100 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 food cans and can 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.