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Crown will receive net cash proceeds of approximately $300 million in return for its remaining equity stake of approximately 20%.
December 9, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
Following the closing of the previously announced sale of Eviosys to Sonoco Products Company, Crown Holdings, Inc. will receive net cash proceeds of approximately $300 million in return for its remaining equity stake of approximately 20%. “This completes the strategic divestiture of our European Tinplate business,” Kevin Clothier, Crown’s SVP and CFO, said. “We are pleased that this transaction has closed in a timely manner, and the proceeds will support our stated objective of en...
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