Compelo Packaging - Latest industry news and analysis is using cookies

ContinueLearn More
Close
Dismiss

HUBER Packaging Group will purchase CROWN general line activities in Switzerland, Finland, Great Britain and France

HUBER Packaging Group will purchase CROWN general line activities in Switzerland, Finland, Great Britain and France

December 22 2014

HUBER Packaging Group will purchase CROWN general line activities in Switzerland, Finland, Great Britain and France

  • Both companies will press ahead with focus on core business
  • HUBER will enhance its European market position in chemical-technical tinplate packaging

HUBER Packaging Group from Öhringen will be purchasing CROWN general line tinplate packaging locations in Switzerland (Aesch), Finland (Helsinki), Great Britain (Liverpool) and France (Rouen), as soon as the local and European consultation procedures (if applicable) and necessary formalities have been completed. CROWN is a global provider of packaging products headquartered in Phil-adelphia. At this time, the acquisition is scheduled to close by the end of the first quarter of 2015. The parties have agreed not to disclose information about financial details and purchase price.

With this acquisition, the HUBER Packaging Group is pressing ahead with the further development of the company, expanding its market share in its core business sector and in establishing market access to fields in which the company has not yet been active. Huber is currently developing an integration plan for the assets to be purchased.

Thomas H. Hagen, Chairman of the Management Board of HUBER Packaging Group explains: "With this acquisition, we are actively pushing ahead with the consolidation of the European tinplate packaging market and are significantly expanding our position in the chemical-technical tinplate packaging business within Europe.Not just our customers will benefit from this, but also all the facilities, including the new locations as strong local units. The four new locations will fit in optimally with HUBER and will greatly contribute to expanding the HUBER network. The teams will therefore ultimately benefit from good development perspectives."

Contact:
Bernhard Kuerschner
Head of Marketing and Public Relations
Otto-Meister-Straße 2, 74613 Oehringen
Telephone: +49 (0) 7941 / 66-246
bernhard.kuerschner(at)huber-packaging.com