EVIOSYS, THE NEW EUROPEAN CROWN IS BORN

Eviosys, a leader in metal packaging, is now a new independent company whose priority is innovation and sustainability. The investment group KPS Capital Partners, LP completed the acquisition of the company’s food and consumer packaging business from Crown Holdings in the EMEA region a few weeks ago.

Thanks to this important acquisition, the investment group KPS Capital Partners has succeeded in establishing this new company. The current conglomerate has announced that it will focus on innovative and unique solutions by combining years of knowledge with a focus on innovation, research and new product development. Sustainability will be the pillar of Eviosys, which has a portfolio of products made of 100% recyclable metal substrates.

The company will promote the development of environmentally friendly packaging, creating solutions that help customers achieve their sustainability goals while protecting the planet, people and communities.

The new brand “Eviosys” is derived from the Greek word for ‘sustainable’. Headquartered in Zug (Switzerland), it has 6,300 employees in 44 plants in 17 countries in Europe, the Middle East and Africa and generated revenues of 1.9 billion euros in 2020. The historical Tomás López, an industry benchmark with decades of experience leading projects of such magnitude, will be the CEO of Eviosys, a position he held at Mivisa before it was acquired by Crown Holdings in 2014.

Tomas Lopez. CEO Eviosys

Olivier Aubry, senior vice president of sales and marketing, added: “With our focus on smart and sustainable packaging, Eviosys will take a confident step towards making products that are right for our customers, end consumers and the planet. This means innovative design solutions and uncompromising quality, putting sustainability at the center.”

The company, which has seven design studios and three laboratories across Europe, has also indicated that it will continue its leadership role in providing packaging solutions to help its customers differentiate themselves from the competition and embrace the growth opportunities that lie ahead.

It’s an incredibly exciting time for the packaging industry,” said Lopez. Eviosys combines 200 years of experience preserving products and promoting brands, with a focus on innovation and sustainability. With the broad presence of the business in EMEA, the launch of Eviosys is a real step change for the entire packaging industry.

Crown will retain a 20% ownership interest in the business. The European tinplate business comprises 44 manufacturing facilities in 17 countries in Europe, the Middle East and Africa producing food cans and ends, aerosol cans, metal closures and promotional packaging for various consumer brands. In 2020, Crown generated ¤1.9 billion in revenue and approximately ¤220 million in stand-alone EBITDA with 6,300 employees on staff.