KPS Capital Partners Acquires Crown's EMEA Food and Consumer Packaging Business (Eviosys)
April 8, 2021
KPS Capital Partners signed a definitive agreement to acquire Crown Holdings' Europe, Middle East and Africa food, aerosol and promotional packaging business for €2.25 billion, with Crown retaining a 20% ownership stake. The business (later rebranded Eviosys) operates ~44 manufacturing facilities across EMEA, has ~6,300 employees and generates approximately €2.0 billion in annual revenue; the transaction closed in 2021 to create a standalone platform focused on growth in food and consumer packaging markets.
- Buyers
- KPS Capital Partners, LP
- Targets
- EMEA Food and Consumer Packaging Business (Crown Holdings) (later rebranded Eviosys)
- Sellers
- Crown Holdings, Inc.
- Industry
- Packaging
- Location
- Switzerland
- Transaction Type
- Divestiture
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