PR91346

ZUG, Switzerland, Sept. 1, 2021 /PRNewswire=KYODO JBN/ --

- New company formed as KPS Capital Partners completes its acquisition of Crown

Holdings Inc.'s EMEA food and consumer packaging business .

-- Global packaging firm Eviosys has been formed to deliver smart, sustainable

packaging solutions for its customers.

-- The new brand name Eviosys derives from the Greek word for 'sustainable' and

will harness 200 years of packaging expertise to expand its industry-leading

position and deliver future growth.

-- Packaging industry executive, Tomas Lopez, will lead the Company as its new

Chief Executive Officer.

-- KPS Capital Partners, LP, a leading global private equity firm, brings a

wealth of industry experience as Eviosys' new owner, having built world-class,

industry-leading manufacturing and industrial companies for nearly three

decades.

Eviosys (the "Company"), a leader in the metal packaging industry with

innovation and sustainability at its core, launches today as a newly formed,

independent company. The business is Europe's largest manufacturer of steel and

aluminium food packaging, with hundreds of global and regional food and

consumer product customers.

Eviosys will focus on unique, smart packaging solutions by combining a rich

heritage with an enhanced, market-leading focus on innovation, research and

development.  Sustainability is at the heart of Eviosys, which has a product

portfolio centred on 100% recyclable metal substrates.  The Company will

champion the evolution of truly sustainable packaging, developing solutions for

its customers that help them meet their sustainability goals while also

protecting the planet, people and communities.

Eviosys, with seven design studios and three laboratories across Europe, will

continue its leadership role in smart packaging solutions by offering exciting,

innovative ways to help customers differentiate from the competition and

harness opportunities for growth.

Eviosys has the largest manufacturing footprint in the region, with 6,300

employees in 44 manufacturing facilities across 17 countries in Europe, the

Middle East and Africa (EMEA).  With its strategically located manufacturing

facilities, Eviosys will continue its commitment to uncompromising product

quality, preserving products and promoting the reputation of local and

international brands in over 100 countries worldwide.

Tomas Lopez, an industry executive with decades of experience leading packaging

businesses, will lead Eviosys as its new Chief Executive Officer.  Mr. Lopez

previously served as CEO of Mivisa prior to its acquisition by Crown Holdings

in 2014.

Tomas Lopez, CEO, said: "This is an incredibly exciting moment for the

packaging industry. Eviosys combines 200 years of experience in preserving

products and promoting brands, with a future focus on innovating to protect the

planet. With the business's extensive footprint across EMEA, the launch of

Eviosys means a true step-change for the entire industry that will lead to

smart, sustainable packaging for all."

Olivier Aubry, SVP Sales and Marketing, added: "With our focus on smart

sustainable packaging, Eviosys will take a confident step towards making

products fit for our customers, end consumers and the planet.  That means

clever design solutions and uncompromising quality, with sustainability at the

very heart."

About Eviosys

Headquartered in Zug, Switzerland, Eviosys is a leading global supplier of

metal packaging, producing food cans and ends, aerosol cans, metal closures and

promotional packaging to preserve the products of hundreds of consumer brands.

Eviosys has the largest manufacturing footprint in the region, with 6,300

employees in 44 manufacturing facilities across 17 countries in Europe, the

Middle East and Africa (EMEA). In 2020, it generated EUR 1.9 billion in

revenue. Eviosys is a portfolio company of KPS Capital Partners, LP.

For more information, visit www.eviosys.com.

About KPS Capital Partners

KPS, through its affiliated management entities, is the manager of the KPS

Special Situations Funds, a family of investment funds with over $12.8 billion

of assets under management (as of March 31, 2021). For nearly three decades,

the Partners of KPS have worked exclusively to realize significant capital

appreciation by making controlling equity investments in manufacturing and

industrial companies across a diverse array of industries, including basic

materials, branded consumer healthcare and luxury products, automotive parts,

capital equipment and general manufacturing.

KPS creates value for its investors by working constructively with talented

management teams to make businesses better, and generates investment returns by

structurally improving the strategic position, competitiveness and

profitability of its portfolio companies, rather than primarily relying on

financial leverage.

The KPS Funds' portfolio companies have aggregate annual revenues of

approximately $13.5 billion, operate 156 manufacturing facilities in 23

countries, and have approximately 40,000 employees, directly and through joint

ventures worldwide (as of March 31, 2021, pro forma for recent acquisitions).

The KPS investment strategy and portfolio companies are described in detail at

www.kpsfund.com.

SOURCE Eviosys