Crown Holdings, Inc. has successfully completed its acquisition of Helvetia Packaging AG, a beverage can and end manufacturing facility located in Saarlouis, Germany. The acquisition enables Crown to expand its European beverage can platform into Germany and adds approximately one billion units of annual capacity to meet the growing demand for recyclable beverage cans.
As part of the acquisition, Crown assumes Helvetia’s existing customer base and contracts, along with its 200 employees. This strategic move positions Crown to better serve the beverage industry and reinforces its commitment to providing sustainable packaging solutions.
Crown Holdings, Inc. is a leading global supplier of rigid packaging products to consumer marketing companies. With headquarters in Tampa, Florida, the company offers transit and protective packaging products, equipment, and services to various end markets.
The completion of this acquisition further solidifies Crown’s position as a key player in the beverage packaging industry. By expanding their presence in Germany, Crown can better serve their customers’ needs and contribute to the development of infinitely recyclable beverage cans.
Forward-looking statements provided in the press release caution investors about potential risks and uncertainties associated with the acquisition. The company’s Form 10-K Annual Report and subsequent filings provide additional information on these matters.
Overall, this acquisition marks an important milestone for Crown Holdings, Inc. and reflects their dedication to meeting customer demands and advancing sustainability in the beverage packaging industry.
– Crown Holdings, Inc.