An investigation has been launched by the UK Competition and Markets Authority (CMA) into packaging company Sonoco’s proposed acquisition of Eviosys. 

Valued at around $3.9 billion, the deal was originally agreed upon in June and would see Sonoco take ownership of the food can producer from KPS Capital Partners.

The CMA’s investigation aims to assess whether the merger could significantly reduce competition within the UK market. 

This review is conducted under the Enterprise Act 2002, which governs mergers that could impact market competition.

As part of the process, the CMA has invited feedback from interested parties between 24 October and 7 November 2024 to support the inquiry. 

A decision on the first phase of the review is expected by 19 December.