M&A - SONOCO PRODUCTS CO
Form Type: 8-K
Filing Date: 2025-04-01
Corporate Action: Acquisition
Type: New
Accession Number: 000110465925030277
Filing Summary: On April 1, 2025, Sonoco Products Company completed the sale of its Thermoformed and Flexibles Packaging business and its global Trident business to TOPPAN Holdings Inc. for an aggregate cash purchase price of $1.8 billion. This transaction was executed pursuant to a Share and Asset Purchase Agreement dated December 18, 2024. Following the completion of the transaction, Sonoco Products Company will provide certain services and licenses to the buyer under specified ancillary agreements. A press release announcing the completion of the acquisition was also issued on the same date, and relevant documents are incorporated by reference from previous filings.
Additional details:
Cash Purchase Price: 1.8 billion
Buyer: TOPPAN Holdings Inc.
Business Acquired: Thermoformed and Flexibles Packaging business, global Trident business
Purchase Agreement Date: 2024-12-18
Ancillary Agreements: transition services agreement
Press Release Date: 2025-04-01
Form Type: 8-K/A
Filing Date: 2025-02-19
Corporate Action: Acquisition
Type: Update
Accession Number: 000009176725000010
Filing Summary: On December 4, 2024, Sonoco Products Company completed the acquisition of Titan Holdings I B.V. (Eviosys), a private limited liability company based in the Netherlands. The 8-K/A report amends the original filing to include the audited financial statements for the years ended December 31, 2023 and 2022, along with related auditor consent and unaudited financial statements for the three and nine months ended September 30, 2024 and 2023. Additionally, pro forma financial information required by Item 9.01 of Form 8-K is also included. The supplemental non-GAAP pro forma financial measures for both Sonoco and Eviosys for the year ended December 31, 2023 are attached as Exhibit 99.4. The filing does not modify or update other disclosures in the original report except for the inclusion of financial data and pro forma information.
Additional details:
Financial Statements Audited: Yes
Financial Statements Unaudited: Yes
Pro Forma Financial Information: Yes
Exhibit 99 1: Historical Audited Consolidated Financial Statements of Eviosys
Exhibit 99 2: Historical Unaudited Condensed Consolidated Financial Statements of Eviosys
Exhibit 99 3: Unaudited Pro Forma Financial Information
Exhibit 99 4: Unaudited Supplemental Non-GAAP Pro Forma Financial Information
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