Sonoco Joins $2 billion race for Crown can unit

Packaging maker Sonoco Products Co. is among bidders for Crown Holdings Inc.’s cans unit, which is expected to fetch more than $2 billion, according to people familiar with the matter. According to news outlet Bloomberg, other suitors include private equity firms KPS Capital Partners, Lone Star Funds, Onex Corp. and Platinum Equity, said the people, who asked not to be identified because…

Login or subscribe to read the full article