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    Crown Holdings Completes Sale of Its European Tinplate Business

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    Crown Holdings Completes Sale of Its European Tinplate Business
    Europe, Eating, Drinking

    Crown Holdings, Inc., announced today that it has completed the previously announced sale of its European Tinplate business to KPS Capital Partners, LP. As previously disclosed, Crown will retain a 20% ownership stake in the business.

    The European Tinplate business comprises 44 manufacturing facilities in 17 countries in Europe, the Middle East and Africa which produce food cans and ends, aerosol cans, metal closures and promotional packaging for various consumer brands. In 2020, the business generated €1.9 billion in revenue and approximately €220 million in estimated standalone EBITDA and had approximately 6,300 employees.

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    One year into its five-year strategy to reduce energy consumption and greenhouse gas emissions, Crown Holdings, Inc, a leading supplier of metal packaging products worldwide, has already surpassed one of its stated goals. The goals, which were included as part of the Company’s submission to the CDP’s (formerly Carbon Disclosure Project) climate change program in 2016, reflect Crown’s commitment to efficiently manage and conserve resources and bring innovations to market that support the sustainability efforts of its customers and consumers.

    • Company News
    • English
    • Modified 17 Sep 2021
    • Hits 455
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