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Stock impact report

Crown Holdings Completes Sale of Its European Tinplate Business

Crown Holdings, Inc. (CCK) 
Last crown holdings, inc. earnings: 4/20 04:30 pm Check Earnings Report
US:NYSE Investor Relations: crowncork.com/investors
Company Research Source: PR Newswire
YARDLEY, Pa., Aug. 31, 2021 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) (Crown), announced today that it has completed the previously announced sale of its European Tinplate business to KPS Capital Partners, LP.  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 Europe, the Middle East and Africa which produce food cans and ends, aerosol cans, metal closures and promotional packaging for various consumer brands.  In 2020, the business generated €1.9 billion in revenue and approximately €220 million in estimated standalone EBITDA and had approximately 6,300 employees.About Crown Holdings, Inc.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.  World headquarters are loc Show less Read more
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