Canadian Packaging

Crown buying Spanish food can maker Mivisa Envases for $1.64B

By The Associated Press   

General Bottling Blackstone Group can manufacturing Crown Holdings Inc. Mivisa Envases

Acquisition of largest can manufacturer in Iberian peninsula will help Crown expand presence in European market.

PHILADELPHIA—Crown Holdings Inc. is spending US$1.64-billion to acquire the Spanish canning company Mivisa Envases and expand its footprint in Europe.

Mivisa is the largest can manufacturer in the Iberian peninsula with sales of more than $500-million, Crown said.

The company operates 10 plants in Spain and one in Morocco, which primarily can vegetables, fruit, fish and meat.

The Philadelphia packaging company is buying Mivisa from affiliates of the Blackstone Group.

Advertisement

The deal is expected to close next year (2014), according to Crown Holdings, subject to review by the European Commission and other regulatory authorities.

Information on Crown Holdings can be found at www.crowncork.com.

Stories continue below
Print this page

Related Stories
Crown gets new king
Crown partners with McCall Farms to bring convenience to the food service industry
Crown launches packaging microsite
CROWN debuts slim style beverage can format in the America




Category Captains 2024
Machinery