Industry News, Mergers and Acquisitions, Printers News

Crown Holdings Announces Acquisition of Mivisa Envases

Cash transaction valued at 1.2 billion euros

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Crown Holdings, Inc. announced that it has entered into an agreement to acquire Mivisa Envases, SAU, a leading Spanish manufacturer of two- and three-piece food cans and ends, from certain investment funds managed by affiliates of The Blackstone Group L.P., N+1 Mercapital and management, in a cash transaction valued at €1.2 billion. The acquisition, which is subject to review by the European Commission and other competition authorities, is expected to close during 2014 and to be earnings accreti...

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