{"id":532702,"date":"2021-08-31T08:04:39","date_gmt":"2021-08-31T12:04:39","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/crown-holdings-completes-sale-of-its-european-tinplate-business\/"},"modified":"2021-08-31T08:04:39","modified_gmt":"2021-08-31T12:04:39","slug":"crown-holdings-completes-sale-of-its-european-tinplate-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/crown-holdings-completes-sale-of-its-european-tinplate-business\/","title":{"rendered":"Crown Holdings Completes Sale of Its European Tinplate Business"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n YARDLEY, Pa.<\/span>, Aug. 31, 2021<\/span> \/PRNewswire\/ — Crown Holdings, Inc. (NYSE: CCK) (Crown),\u00a0announced today that it has completed the previously announced sale of its European Tinplate business to KPS Capital Partners, LP.\u00a0 As previously disclosed, Crown will retain a 20% ownership stake in the business. <\/p>\n

The European Tinplate business comprises 44 manufacturing facilities in 17 countries in\u00a0Europe, the\u00a0Middle East\u00a0and\u00a0Africa\u00a0which produce food cans and ends, aerosol cans, metal closures and promotional packaging for various consumer brands. \u00a0In 2020, the business generated \u20ac1.9 billion in revenue and approximately \u20ac220 million in estimated standalone EBITDA and had approximately 6,300 employees.<\/p>\n

\n About\u00a0Crown Holdings, Inc.
<\/b>Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. \u00a0World headquarters are located in\u00a0Yardley, Pennsylvania<\/span>. \u00a0For more information, visit\u00a0www.crowncork.com<\/a>.<\/p>\n

\n Cautionary Note Regarding Forward-Looking Statements
<\/b>Except for historical information, all other information in this press release consists of forward-looking statements. \u00a0These forward-looking statements involve a number of risks, uncertainties and other factors, including the future value, if any, to Crown shareholders of the 20% retained ownership interest in the business. \u00a0Important factors that could cause the statements made in this press release or the actual results of operations or financial condition of Crown to differ are discussed under the caption “Forward Looking Statements” in Crown’s Form 10-K Annual Report for the year ended December 31, 2020<\/span> and in subsequent filings made prior to or after the date hereof. \u00a0Crown does not intend to review or revise any particular forward-looking statement in light of future events.<\/p>\n

\n For more information, contact:
<\/b>
\n Thomas A. Kelly<\/span>, Senior Vice President and Chief Financial Officer, (215) 698-5341
Thomas T. Fischer<\/span>, Vice President, Investor Relations and Corporate Affairs, (215) 552-3720<\/p>\n

\n \"Cision\" View original content:https:\/\/www.prnewswire.com\/news-releases\/crown-holdings-completes-sale-of-its-european-tinplate-business-301365308.html<\/a><\/p>\n

SOURCE Crown Holdings, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire YARDLEY, Pa., Aug. 31, 2021 \/PRNewswire\/ — Crown Holdings, Inc. (NYSE: CCK) (Crown),\u00a0announced today that it has completed the previously announced sale of its European Tinplate business to KPS Capital Partners, LP.\u00a0 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\u00a0Europe, the\u00a0Middle East\u00a0and\u00a0Africa\u00a0which produce food cans and ends, aerosol cans, metal closures and promotional packaging for various consumer brands. \u00a0In 2020, the business generated \u20ac1.9 billion in revenue and approximately \u20ac220 million in estimated standalone EBITDA and had approximately 6,300 employees. About\u00a0Crown Holdings, Inc.Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, … <\/p>\n

Continue reading “Crown Holdings Completes Sale of Its European Tinplate Business”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-532702","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCrown Holdings Completes Sale of Its European Tinplate Business - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/crown-holdings-completes-sale-of-its-european-tinplate-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crown Holdings Completes Sale of Its European Tinplate Business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire YARDLEY, Pa., Aug. 31, 2021 \/PRNewswire\/ — Crown Holdings, Inc. (NYSE: CCK) (Crown),\u00a0announced today that it has completed the previously announced sale of its European Tinplate business to KPS Capital Partners, LP.\u00a0 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\u00a0Europe, the\u00a0Middle East\u00a0and\u00a0Africa\u00a0which produce food cans and ends, aerosol cans, metal closures and promotional packaging for various consumer brands. \u00a0In 2020, the business generated \u20ac1.9 billion in revenue and approximately \u20ac220 million in estimated standalone EBITDA and had approximately 6,300 employees. 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