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Crown Holdings gets green light for Mivisa Envases acquisition

Staff writer |
Crown Holdings, Inc announced that the European Commission has approved, subject to certain commitments and conditions, its pending acquisition of Mivisa Envases, SAU, a Spanish manufacturer of two- and three-piece food cans and ends.

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The approval of the European Commission is subject to Crown entering into final binding agreements, with purchasers to be approved by the Commission, for the sale of Crown's Spanish food can business and Mivisa's facility in Horst, Netherlands.

The impact of the divestitures would have been to reduce net sales by approximately €113 million in 2013.

Mivisa, based in Murcia, Spain, is the largest food can producer in both the Iberian Peninsula and Morocco. Primarily serving the vegetable, fruit, fish and meat segments, Mivisa currently operates ten manufacturing facilities, including six in Spain and one in Morocco.

Headquartered in Philadelphia, PA, Crown Holdings, Inc. is a manufacturer of packaging products for consumer marketing companies around the world. Crown makes a wide range of metal packaging for food, beverage, household and personal care and industrial products and metal vacuum closures and caps. As of December 31, 2013, the company operated 147 plants located in 40 countries, employing 21,856 people.

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