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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