PIE-TICKER
Crown to sell plastic closures business for USD 750m
In a deal expected to close later this year, Crown Holdings (www.crowncork.com), Philadelphia, Pennsylvania / USA, plans to sell its plastic closures business to European private equity company PAI partners for USD 750m, including debts of around EUR 100m. The business designs, manufactures and sells plastic closures for consumer packaging in the personal care, food, beverage and industrial markets. It has 29 facilities in 15 countries in Europe, the US and Asia and employs around 3,500 people.
29.08.2005 Plasteurope.com [10628]
Published on 29.08.2005