Crown Holdings offloads EMEA food packaging unit to private equity firm KPS in US$2.68bn deal

EMEA –  American-based packaging manufacturer Crown Holdings has agreed to sell its Europe, Middle East and Africa (EMEA) food packaging unit to private equity firm KPS Capital Partners, in a deal valued at €2.25 billion (about US$2.68 billion). Crown’s European Tinplate business produces food cans and ends, aerosol cans, metal closures, and promotional packaging for various consumer brands. The business is regarded as one of the largest manufacturers of steel and aluminium food packaging in Europe, operating 44 manufacturing facilities in 17 countries across Europe, the Middle East and Africa.…

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