Homburger with Crown Holdings on selling its European Tinplate Business

Crown Holdings, the company specializing in the designing, manufacturing, and sale of packaging products and equipment for consumer and industrial products, has completed the previously announced sale of its European Tinplate business to KPS Capital Partners, LP. As previously disclosed, Crown will retain a 20% ownership stake in the business.

Homburger acted as Swiss counsel to Crown with respect to the transaction. The Homburger team was led by partner Daniel Hasler (corporate / m&a, pictured) and included partner Reto Heuberger (tax), associates Marc Hanslin and Stefan Luginbühl (both corporate / m&a)), Ivan Marijanovic (employment and executive compensation) and Philippe Gobet (tax) as well as junior associates Daniel Bötticher and Géraldine Danuser (both corporate / m&a).

The European Tinplate business comprises 44 manufacturing facilities in 17 countries in Europe, the Middle East and Africa which produce food cans and ends, aerosol cans, metal closures and promotional packaging for various consumer brands. In 2020, the business generated EUR 1.9 billion in revenue and approximately EUR 220 million in estimated standalone EBITDA and had approximately 6,300 employees.