Industry News, Mergers and Acquisitions, Printers News

Crown Holdings Announces Acquisition of Signode for $3.91 Billion

Signode is a global leader in transit packaging.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Crown Holdings, Inc. announced that it has entered into an agreement to acquire Signode Industrial Group Holdings (Bermuda) Ltd., a leading global provider of transit packaging systems and solutions, from The Carlyle Group, in a cash transaction valued at $3.91 billion subject to customary closing adjustments.   The acquisition, which is subject to review by various competition authorities, is expected to close during the first quarter of 2018 and to significantly increase free cash flow. Debt...

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