LEADING EUROPEAN PACKAGING BUSINESS TO BECOME INDEPENDENT COMPANY

CROWN HOLDINGS, INC. TO RETAIN 20% OWNERSHIP INTEREST

NEW COMPANY TO FOCUS ON GROWTH IN FOOD AND CONSUMER PRODUCTS MARKETS

NEW YORK, April 8, 2021 /PRNewswire/ — KPS Capital Partners, LP (“KPS”) today announced that it has signed a definitive agreement to acquire the Europe, Middle East and Africa food, aerosol and promotional packaging business (the “EMEA Food and Consumer Packaging Business” or the “Company”) from Crown Holdings, Inc. (NYSE: CCK, “Crown”) for €2.25 billion (approximately $2.7 billion). Crown will retain 20% ownership of the Company. The transaction is

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PARIS – French dairy cooperative Sodiaal has entered into an agreement with General Mills, Inc., Minneapolis, to acquire a controlling interest in Yoplait SAS in exchange in for full ownership of Yoplait’s Canadian business and a reduced royalty rate for the use of the Yoplait and Liberte brands in the United States and Canada. The transaction is expected to close by the end of 2021.

Yoplait SAS generated $740 million in fiscal 2020, according to General Mills. The business includes assets in France, the United Kingdom and certain other markets.

Under the terms of the transaction, Sodiaal would acquire 51%

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